Cointelegraph reports that the on-chain apparent demand indicator for Bitcoin has flipped back into negative territory again. In August it managed to catch its breath, but now BTC has fallen below $77,000, and is being dumped along with bonds and the stock market.
This indicator measures the market’s real demand and buying pressure. In the recent sell-off, it has fallen back to negative again. The little rebound in August couldn’t hold, and the pullback in price suggests that macro sentiment is weighing on risk assets—momentum hasn’t fully passed.
The focus is on how capital flows move in tandem with the broader financial environment. BTC has been tightly linked to external markets in the short term. While weakening data is a signal, how things unfold next will still depend on market conditions.
#BTC
This indicator measures the market’s real demand and buying pressure. In the recent sell-off, it has fallen back to negative again. The little rebound in August couldn’t hold, and the pullback in price suggests that macro sentiment is weighing on risk assets—momentum hasn’t fully passed.
The focus is on how capital flows move in tandem with the broader financial environment. BTC has been tightly linked to external markets in the short term. While weakening data is a signal, how things unfold next will still depend on market conditions.
#BTC