CryptoQuant: The demand for Bitcoin has been continuously weakening since December last year
PANews reported on March 15th that the on-chain analysis platform CryptoQuant tweeted that it is witnessing the weakest demand for Bitcoin this year. It compares the new supply with the supply that has been idle for more than a year to understand current demand dynamics. When this ratio falls below 0, it indicates that demand has turned negative, meaning there's a decrease in actively acquired Bitcoins. As can be seen, demand has been weakening since December and continues to decline over time. This suggests that amidst ongoing political and economic uncertainty, investors are becoming more cautious and may turn to lower-risk assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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