Recent analysis from Cryptoquant Institutional Insights indicates that the demand for Bitcoin is slowing down following a surge that brought its price close to $112,000. Key indicators suggest that the cryptocurrency may be entering a phase of reduced momentum.
Amid this slowdown, the futures market is experiencing significant profit-taking, reflecting a cautious sentiment among traders. While spot demand for Bitcoin is still increasing, the rate of growth has markedly declined, with apparent demand growth dropping to 118,000 BTC.