Bitcoin demand plummets
Recent data from BGeometrics shows that the demand for $Bitcoin has decreased significantly. BGeometrics demand index drops to 31the lowest level in recent weeks. This decrease is consistent with Bitcoin price drops to around $110,842This reflects the growing divergence between interest rates and price support.
BTC Demand Index – Bgeometry
Demand curves measure network and trading activity in response to market demand and typically serve as a leading indicator. Weaker demand suggests traders are less willing to buy at current levels. This is often a warning in advance of a deeper price correction.
Understand supply and demand dynamics
The price of Bitcoin will eventually Balance of demand and supply — One of the central principles of market economics.
- When demand increases (there are more buyers than sellers), and prices rise as buyers compete for the limited supply.
- when demand falls (there are more sellers than buyers), the price will fall until equilibrium is restored.
Unlike traditional assetsBitcoin Supply is fixed at 21 million coins,make Demand fluctuation The main sources of short-term volatility. Therefore, a sudden drop in the demand index can have a huge impact on the BTC price direction as there will be fewer participants willing to absorb the selling pressure.
Bitcoin price analysis: BTC struggles around $110,000
The latest Bitcoin daily chart reflects this weakening in demand.
- $BTC Trading around $110,339hovers just above. 200-day SMA, $107,419 — Significant long-term support level.
- of 50-day SMA, $114,408 It now acts as a strong resistance, limiting any attempts to break higher.
- Price failed to collect multiple times. $112,000 to $114,000 zoneindicating that bullish momentum is waning.
- Continuous closing price below $111,000 may open the door to a reexamination of $107,000,or $104,000 If market sentiment deteriorates further.
BTC/USD 1 day chart – TradingView
For now, Bitcoin’s recovery depends on a resurgence of buying interest. Absent fresh demand, a short-term rebound is likely to come under selling pressure near the $114,000 resistance.
The future of Bitcoin: What to expect next
if BGeometrics Demand Index If the downtrend continues, Bitcoin could be under bearish control in the short term. However, if the index stabilizes around current levels and rebounds, it could signal the beginning of an economic boom. integration phase before the next big move.
Traders should note the following:
- Demand index recovers above 50 → Possibility of bullish reversal
- Support for less than 107K → Possibility of continuing towards 102K
Currently, there is no demand for Market remains cautiousperhaps waiting for a clearer macro signal before committing to a new position.
