Bitcoin’s price momentum is decelerating near the $112,000 threshold amid a significant reduction in demand from major investors and exchange-traded funds. Whale acquisitions and ETF purchases have declined by approximately 50%, reflecting heightened caution among institutional players.
Spot market demand growth remains below historical averages, while the influx of new market participants continues to diminish. This trend signals shifting investor sentiment and reduced buying pressure across the ecosystem.
Futures traders are capitalizing on profits and establishing short positions, anticipating potential price corrections. Should subdued demand persist, Bitcoin faces critical support levels at $92,000 (on-chain realized cost) and $81,000 (lower boundary of realized cost metrics).