Bitcoin demand has stayed negative for months—Here’s what it means for BTC
Bitcoin demand has remained negative for 208 consecutive days, indicating persistent selling pressure that outpaces buying interest. This was highlighted by a significant liquidation event on June 24, where $700 million in long positions were wiped out, pushing BTC below $60,000. On-chain metrics such as the negative Coinbase Premium Index and sustained spot ETF outflows reflect weak demand, particularly from U.S. investors. Analysts note that the market has been in a state of realized losses for five months, a pattern typical of bear cycles. Furthermore, increased miner selling activity, signaled by rising Miner’s Position Index and exchange flows since March, added to the supply ready for sale. The next critical support level is identified at the realized price of $53,888.
ambcryptoHá 46m