Bitcoin Price Enters New Downtrend as On-Chain Demand Weakens, CryptoQuant Warns

Bitcoin may have already entered a new downtrend, according to on-chain data from CryptoQuant. The analytics firm argues that the recent market weakness is not driven by supply mechanics like halvings, but by a noticeable slowdown in demand, a factor that has historically dictated Bitcoin’s major cycle turns. Analyst notes that the demand-driven rally seen … source: https://coinpedia.org/news/bitcoin-price-enters-new-downtrend-as-on-chain-demand-weakens-cryptoquant-warns/