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Bitcoin threatens to crash to $92,000: CryptoQuant warns of 50% drop in demand and outflow of 800,000 BTC by short-term holders
Bitcoin Under Pressure: Potential Drop to $92,000 Over the past few weeks, Bitcoin, the leading cryptocurrency, has been going through a challenging phase. Crypto analytics firm CryptoQuant warns that Bitcoin demand has fallen by 50%. This could lead to a dramatic drop in the price of Bitcoin, possibly to $92,000. One of the key factors behind these developments is the significant sell-off of Bitcoin by short-term investors. Over the past few weeks, short-term holders have sold a total of 800,000 BTC. This selling behavior could undermine confidence in Bitcoin and further weigh on the market. The current market situation shows that increased volatility is to be expected. Analysts and investors...
Bitcoin threatens to crash to $92,000: CryptoQuant warns of 50% drop in demand and outflow of 800,000 BTC by short-term holders
Bitcoin under pressure: Potential decline to $92,000
Over the past few weeks, Bitcoin, the leading cryptocurrency, has been going through a challenging phase. Crypto analytics firm CryptoQuant warns that Bitcoin demand has fallen by 50%. This could lead to a dramatic drop in the price of Bitcoin, possibly to $92,000.
One of the key factors behind these developments is the significant sell-off of Bitcoin by short-term investors. Over the past few weeks, short-term holders have sold a total of 800,000 BTC. This selling behavior could undermine confidence in Bitcoin and further weigh on the market.
The current market situation shows that increased volatility is to be expected. Analysts and investors are concerned as a decline of this magnitude could have far-reaching consequences for the entire cryptocurrency market. Market participants follow developments closely in order to be able to react to possible trend changes.
Overall, it remains to be seen how the situation will develop and whether Bitcoin will be able to recover from these lows or whether the price will actually reach the forecast $92,000. The coming weeks and months could be crucial for the future of the leading cryptocurrency.