Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC\u2019s inability to hold key support levels may be paving the way for a prolonged consolidation.<\/p>\n
Key takeaways:<\/strong><\/p>\n Bitcoin\u2019s apparent demand has dropped to its lowest level since mid-January, as traders and investors adopted a risk-off approach due to geopolitical and macroeconomic uncertainties<\/a>.<\/p>\n Related: <\/strong><\/em>Bitcoin rallies through $77K despite spot BTC ETF outflows topping $2B<\/strong><\/em><\/a><\/p>\n Capriole Investment\u2019s Bitcoin Apparent Demand metric shows that demand for Bitcoin has been negative since Dec. 22, 2025 and improved slightly in late February, before reversing sharply to -3,138 BTC on Thursday.\u00a0<\/p>\n Bitcoin’s apparent demand. Source: Capriole Investments<\/em><\/p>\n \u201cBitcoin’s overall demand has flipped into net contraction,\u201d CryptoQuant said<\/span><\/a> in its latest Weekly Crypto report, adding:<\/p>\n \u201cSpot apparent demand is contracting at a slightly faster pace than in prior weeks.\u201d<\/p><\/blockquote>\n Spot market activity has weakened in recent weeks, with the aggregate spot cumulative volume delta (CVD) across all exchanges \u201cremaining negative into the recent pullback toward the high-$70K range,\u201d Glassnode said<\/span><\/a> in its latest Week On-chain newsletter, adding:<\/p>\n \u201cDespite Bitcoin remaining relatively resilient structurally, the latest spot positioning data suggests broad-based spot accumulation has yet to re-emerge.\u201d<\/p><\/blockquote>\n Bitcoin spot CVD. Source: Glassnode<\/em><\/p>\n Meanwhile, US-based spot exchange-traded funds (ETFs) also turned net sellers, with the 30-day change in ETF holdings falling to its lowest level in nearly three months.\u00a0<\/p>\n This suggests that \u201coutright spot demand is becoming less aggressive near the current range highs,\u201d Glassnode added.<\/p>\n US ETF AUM position change. Source: Glassnode<\/em><\/p>\n The simultaneous deterioration across spot demand and ETF flows has \u201chistorically been more consistent with renewed price weakness than with stable consolidation,\u201d CryptoQuant concluded.<\/p>\n Bitcoin\u2019s 38% rally to $82,800<\/a> from its $60,000 macro low marked a notable recovery above the true market mean, now sitting at $78,300.<\/p>\n The true market mean is a price model that tracks the average acquisition cost of actively transacted Bitcoin supply and \u201chistorically serves as the dividing line between bear and bull market regimes, according to Glassnode.<\/p>\n The onchain data provider said that reclaiming this level is a \u201cnecessary but not sufficient condition for a structural transition,\u201d adding:<\/p>\n \u201cConventionally, pre-bull market phases require weeks to months of sustained consolidation around this model before a credible regime shift can be confirmed.\u201d<\/p><\/blockquote>\n Note that the price consolidated around the true market mean for over six months, between March and October 2021, before breaking into a 174% rally to its previous all-time high of $74,00 reached in March 2024.<\/p>\n Bitcoin risk indicator. Source: Glassnode<\/em><\/p>\n Glassnode added:\u00a0<\/p>\n \u201cAny deeper correction from current levels would therefore reframe the recent rally as a local top within the ongoing bear market, a structure that has recurred multiple times in prior cycles and remains the higher probability outcome until price demonstrates sustained follow-through.\u201d<\/p><\/blockquote>\n Other analysts have highlighted weaknesses in Bitcoin\u2019s market, including fading momentum<\/span><\/a>, declining retail investor activity, aggressive selling in the futures markets<\/span><\/a> and a weakening technical structure, putting BTC at risk of dropping to as low as $65,000<\/span><\/a> over the next few weeks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC\u2019s inability to hold key support levels may be paving the way for a prolonged consolidation. Key takeaways: Bitcoin\u2019s apparent demand fell to -3,138 BTC, its lowest level in four months. Weak […]<\/p>\n","protected":false},"author":2,"featured_media":427948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-427946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=427946"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427946\/revisions"}],"predecessor-version":[{"id":427949,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427946\/revisions\/427949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/427948"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=427946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=427946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=427946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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<\/figure>\n<\/p>\n![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-867.png\")
<\/figure>\n<\/p>\nBitcoin’s price is at an inflection point<\/h2>\n
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