Bitcoin Spot Market Dries Up: Relentless Buying Off Exchanges Powers Growth

Description

Bitcoin is trading at a pivotal level after losing key support zones, triggering concerns among investors about a potential deeper correction. After spending over two weeks consolidating in a tight range, BTC broke down sharply, reaching lows around $112,000. This sudden drop has shaken market sentiment, with some analysts warning of further downside if demand fails to absorb the recent selling pressure. However, not all indicators are flashing red. Top analyst Axel Adler shared compelling data ...