Bitcoin’s demand indicator in the U.S. market has remained continuously negative for the past 40 days, marking a record. The last time this indicator showed a positive trend was in mid-January, but it failed to sustain any improvement thereafter. A brief recovery was observed in early February, though it was not fully stable, suggesting that the decline in U.S. demand for Bitcoin is structural rather than temporary. Bitcoin, the world’s largest and most well-known cryptocurrency, has historically been a significant asset for investors and users. However, factors such as regulatory uncertainty, economic instability, and fluctuations in global financial markets have impacted its demand. Particularly in the U.S., one of the largest cryptocurrency markets, the sharp drop in demand is seen as a concerning sign. The negative demand indicator in the U.S. not only puts pressure on Bitcoin’s price but may also influence overall trends in the cryptocurrency market. Experts warn that if this downward trend persists, investors should exercise caution as it could increase market uncertainty. The balance of supply and demand determines cryptocurrency prices, and reduced demand in the U.S. could lead to greater price volatility for Bitcoin globally. In the coming days, it will be crucial to observe whether there is any positive shift in U.S. demand or if the negative trend continues, as this will affect investor strategies and the direction of the crypto market.
Source: coindesk
