Researcher Explains How Decline In Bitcoin Demand Is Behind Latest Price Correction

Quick Summary:

The Bitcoin price has been under significant bearish pressure in the past few weeks, and this crypto researcher has explained the role of demand in the market correction.

BTC Apparent Demand Is Falling – Cause For Alarm?

The influx of significant BTC amounts from long-term holders to the market increases the available supply, thereby putting downward pressure on the prices.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: Hungary

Topics: BTCUSDT Btc price Bitcoin Bitcoin price Julio Moreno Bitcoin CryptoQuant

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 09:30:25 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21415114

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 5 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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: #105

Publisher Details

Frequently Asked Questions