Bitcoin Flashes One Of Its Rarest Demand Signals In Six Years – Details
Bitcoin is stabilizing above $62,000 after last week’s sharp drop, but demand conditions remain historically weak. A demand analysis shows the 30-day growth of combined spot and perpetual futures demand has fallen near -650,000 BTC, a level reached only three times since 2019. That suggests a severe contraction, not a routine slowdown. Both spot demand and perpetual futures demand are weakening at the same time, so neither organic buyers nor leveraged traders are providing much support. Past episodes at similar levels did not mark immediate bottoms: one preceded the COVID crash, and another occurred during the 2022 bear market before a longer bottoming process. The current setup looks more like an early cleansing phase than a confirmed reversal. The likely path is higher volatility followed by extended, low-momentum sideways trading that gradually exhausts holders.
