Bitcoin Recovery in Question Due to Falling Demand

CryptoQuant analytics point to uncertainty in Bitcoin's recovery. Spot demand for BTC has once again dropped into negative territory, while exchange reserves have started to rise.

The largest whales with balances over 10,000 BTC are reducing their holdings. A sustainable recovery requires the return of buyers and broader accumulation among major holders.

Key factors in the current market state:

• Bitcoin spot demand has turned negative
• Growth in cryptocurrency exchange reserves
• Reduction of holdings by major players