Bitcoin Price Bounce Continues Amid Weakened Demand

The current price action in Bitcoin suggests that any future bounces may be met with selling pressure as the cryptocurrency continues to trade below its short-term holder realized price.

The short-term holder realized price has been steadily increasing over the past months, currently sitting at around $85.8K, while the market price remains significantly lower at $67.7K.

This disparity highlights a potential issue with demand, as short-term holders are holding onto their coins in anticipation of higher prices, only to see them drop further instead.

In addition, the recent slowdown in whale inflows suggests that even the largest market players may be adopting a wait-and-watch approach, rather than actively selling their coins.