"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.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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