Bitcoin pinned under $72K as four network metrics show ‘weaker demand’
Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC’s short term prospects.
Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential.
Key takeaways:
Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions.