Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant

Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant

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Source: Coindesk.com

On-chain data indicates a significant slowdown in bitcoin demand since early April, with metrics like CryptoQuant's demand indicator showing negative growth, reflecting increased selling. Despite the bearish signals, some metrics remain robust. Long-term holders are accumulating bitcoin at record levels. The total market cap of stablecoins has hit an all-time high, suggesting increased liquidity which

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The post "Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant" appeared first here Coindesk.com.

Source: Coindesk.com

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