Bitcoin Price: Urgent Warning as CryptoQuant Signals Alarming Downside Pressure

Key Points

1. CryptoQuant's 'Apparent Demand' metric, specifically its 30-day SMA, has turned negative, signaling potential downward pressure on Bitcoin's price.

2. Negative Apparent Demand suggests an imbalance with more BTC being sold (by long-term holders and miners) than new buying activity can absorb.

3. The analysis highlights the importance of monitoring fundamental market dynamics, such as supply-demand balance, beyond just price charts.

4. Weak crypto demand implies challenges for Bitcoin's price sustainability and may require cautious portfolio management by investors.

5. The warning underscores the need to assess underlying market health, including capital inflows and supply-side pressures, to anticipate potential market shifts.