Bitcoin Demand Shows Signs of Cooling After Price Surge

According to BlockBeats, CryptoQuant's Head of Research, Julio Moreno, has observed a cooling in Bitcoin demand following a rapid price increase to nearly $112,000. While spot demand continues to grow, its pace has slowed and is now below historical trends. The volume of Bitcoin purchases by whales and ETFs has halved, and demand from new investors is also declining. In the futures market, investors have recently opted to take profits and are beginning to establish new short positions source: https://www.binance.com/en/square/post/25966201076906?utm_source=BinanceNewsRSS