Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders

Quick Summary:

Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness.

Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Bitcoin Cryptocurrency Market Updates Whale investors Market crash Long term holders Stablecoins Investment ETF Demand decline

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 17:30:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 22197426

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 18 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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