Bitcoin Decline Tied to Weakening Demand at Higher Price Levels, CryptoQuant Research Head Says

Julio Moreno, head of research at CryptoQuant, attributes Bitcoin's recent downward pressure to insufficient demand at elevated price points. The 30-day Apparent Demand metric has turned negative in recent weeks, signaling that buyers are not stepping in to match selling activity from long-term holders. Bitcoin was trading around $103,900 at the time of analysis, down 9% over the previous seven days.