CryptoQuant reports that demand for $BTC just experienced its largest weekly drop since January 2022, with over 652,000 BTC wiped out.
Spot ETF demand is also plummeting at a record pace, indicating a waning interest from institutional players.
While Bitcoin may seem undervalued, history shows that major bottoms usually form after extreme panic and seller exhaustion. Current realized losses are still well below past capitulation levels.
Right now, weak demand remains the biggest hurdle in assessing where the true market bottom lies.
#美国CPI升至4.2%创三年新高
Spot ETF demand is also plummeting at a record pace, indicating a waning interest from institutional players.
While Bitcoin may seem undervalued, history shows that major bottoms usually form after extreme panic and seller exhaustion. Current realized losses are still well below past capitulation levels.
Right now, weak demand remains the biggest hurdle in assessing where the true market bottom lies.
#美国CPI升至4.2%创三年新高