Analysts compared the number of new bitcoins in the market with the number of bitcoins that remained without movement during the year, and concluded that the dynamics of demand is reduced. When this indicator falls below zero, the demand will become negative:
“Demand began to weaken in December, as political and macroeconomic uncertainty intensified, and market participants moved to less risky assets.”
The purchasing pressure on the part of large players continues to grow, and there is a high probability of falling the cost of the first cryptocurrency below the key level of support of $ 80,000, experts Cryptoquant say.
Earlier, Santiment analysts said that the volumes of trading of digital assets are falling since January, and the behavior of traders against the background of a continuing reduction in capitalization indicates the stage of depletion and surrender of the market.
Source: Bits
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