Crypto Scenario Insights
What happened
According to data reported by BeInCrypto, a key Bitcoin demand metric has plummeted toward -650,000 BTC, a level matching historical cyclical lows.
What we think
The real economic impact of this demand collapse lies in the drying up of spot market liquidity. Historically, when this demand proxy reaches these extreme lows, it marks either a macro market bottom—where smart money qu…
Read the analysis
Bitcoin Apparent Demand Approaches Historic Lows — Signal of Cyclical Capitulation or Metric Distortion?
We explain what happened and what could follow. We do not forecast prices.