"Bitcoin, Trend of Sharp Decline in Investor Demand"

Source
Son Min

Summary

  • Analyst Ali Martinez reported that investor demand for Bitcoin has dropped significantly.
  • It was pointed out that the apparent demand for Bitcoin has dropped to -37,000 BTC.
  • As of 6:24 PM on the 1st, it was stated that the price of Bitcoin in the Binance USDT market has fallen by 0.86% compared to 24 hours ago.

There is an opinion that investor demand for Bitcoin (BTC) is significantly decreasing.

On the 1st (local time), Ali Martinez, a cryptocurrency analyst, stated on X (formerly Twitter) that "the apparent demand for Bitcoin has fallen to -37,000 BTC," noting that "this is a signal of a sharp decline in investor demand."

As of 6:24 PM, according to Binance USDT market, Bitcoin is trading at $106,711, down 0.86% compared to 24 hours ago.

publisher img

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
hot_people_entry_banner in news detail bottom articles
hot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

"Bitcoin whale accumulation hits highest level since 2024…long positions increase amid bearish conditions"

30 minutes ago
"Bitcoin whale accumulation hits highest level since 2024…long positions increase amid bearish conditions"

Han Jeong-ae, DPK policy chief: "Pushing framework act covering limits on exchange ownership stakes and a bank-led stablecoin model"

1 hours ago
Han Jeong-ae, DPK policy chief: "Pushing framework act covering limits on exchange ownership stakes and a bank-led stablecoin model"

Unregistered crypto exchanges continue operating openly as the Korea Communications Media Commission is effectively shuttered

1 hours ago
Unregistered crypto exchanges continue operating openly as the Korea Communications Media Commission is effectively shuttered

US spot Ethereum ETFs see $57 million in net inflows a day after outflows

3 hours ago
US spot Ethereum ETFs see $57 million in net inflows a day after outflows

US spot Bitcoin ETFs see $144.9 million in net inflows a day earlier…second straight session

3 hours ago
US spot Bitcoin ETFs see $144.9 million in net inflows a day earlier…second straight session

Trending News