Although Bitcoin (BTC) has recorded slight gains over the past month – up 3. 6% in the last 30 days – the leading cryptocurrency is experiencing a lack of Apparent Demand, indicating broader market weakness that could lead to a price slump in the near term. Bitcoin Apparent Demand Enters Negative Territory According to a recent CryptoQuant Quicktake post by contributor Crazzyblockk, Bitcoin’s new buyer demand is failing to absorb the combined supply pressure from freshly mined BTC and selling from long-term holders (LTHs). As a result, BTC’s Apparent Demand has turned negative
source: https://www.newsbtc.com/bitcoin-news/bitcoin-market-enters-caution-zone-amid-rising-sell-side-pressure-analyst-says/