Bitcoin Price Faces Uphill Battle Amid Weak Demand

The recent performance of the Bitcoin price has been underwhelming, with a significant drop in value over the past week. According to market analysts, the demand for BTC USD has been dwindling, with some metrics showing the weakest readings in years.

A CryptoQuant analyst pointed out that the 30-day combined growth of spot and perpetual futures demand has collapsed to -650,000 BTC, a figure that has only appeared three times since 2019. This indicates a lack of buyers available to absorb any fresh wave of selling pressure.

Market analysts are warning that Bitcoin is 'stalling beneath $65K,' with a clean break above this level needed to trigger any potential rally towards the $72,000–$74,000 range.