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Bitcoin Price Enters New Downtrend as On-Chain Demand Weakens, CryptoQuant Warns

The post Bitcoin Price Enters New Downtrend as On-Chain Demand Weakens, CryptoQuant Warns appeared first on Coinpedia Fintech NewsBitcoin may have already entered a new downtrend, according to on-chain data from CryptoQuant. The analytics firm argues that the recent market weakness is not driven by supply mechanics like halvings, but by a noticeable slowdown in demand, a factor that has historically dictated Bitcoin's major cycle turns. Analyst notes that the demand-driven rally seen ...

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