Is Bitcoin’s Price in Trouble? Here Are 3 Major Warning Signs
2025-07-01 11:36:02
Main Idea
Bitcoin's price has shown volatility, with recent declines in demand and buying interest, but it has managed to recover despite low network activity and weakened demand metrics.
Key Points
1. Bitcoin's price slipped below $100,000 after being above $107,000 for over a week, with recent levels around $108,000 and $109,000.
2. Glassnode data shows a decline in demand to -37,000 BTC, indicating a sharp drop in buying interest.
3. Network activity has plunged in recent months, suggesting fewer people are engaging with Bitcoin.
4. Despite low demand metrics, Bitcoin recovered from a drop below $75,000.
5. Reports suggest Bitcoin's price remaining above $100,000 is due to larger investors taking bigger shares.
Description
As bitcoin’s consolidation continues, certain on-chain metrics suggest that its stagnation could soon be over, but they offer a more bearish outlook for its future movements. Some of the most troubling factors come from the growing number of investors realizing profits and the dropping apparent demand. Warning Signs Appear The primary cryptocurrency has been stuck in a tight trading range at around $107,000 for over a week now, ever since it slipped below $100,000 during the darkest hours of the...
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