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Bitcoin’s apparent demand turns negative as price struggles with $77K
Bitcoin’s apparent demand indicator turned negative again after a brief August recovery, while BTC fell below $77,000 amid a wider sell-off in bond and equity markets, Cointelegraph reported.
Cointelegraph
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Bitcoin’s apparent demand indicator has turned negative again, according to Cointelegraph, reversing a brief rebound recorded in August. The shift comes as BTC slipped below the $77,000 level during a broader sell-off across bond and equity markets. The indicator is an onchain measure used to track demand conditions for Bitcoin, and its latest move points to weaker apparent demand compared with the recent August improvement. Bitcoin’s price weakness and the renewed negative reading are occurring alongside pressure in traditional financial markets. No further details on the indicator’s methodology or the duration of the latest trend were provided in the source material.
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Cointelegraph
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