How a Boring Demand Drought Made Bitcoin Boohoo and Plunge! 🚨💸

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Once upon a time in the whimsical world of crypto, the CryptoQuant head honcho-think of him as the wizard of numbers-decided to take a curious peek behind the curtain. Turns out, folks just aren’t biting at the higher-priced Bitcoin buffet lately. Nope, demand is as scarce as hen’s teeth, which might explain why Bitcoin’s feeling a bit glum and gloomy.

Bitcoin’s Demand Dial Turns Red-Uh-oh! 🔴

Our curious researcher, Julio Moreno, took to the social jungle platform X (formerly known as Twitter-what a mouthful!) to share his findings. Instead of staring longingly at how long folks hold onto their coins (the HODLers), he looked at the other side of the coin-demand. Because if no one’s wanting to buy, the price might just start to whimper.

Now, long-term holders are those brave souls who keep their coins for over 155 days-sort of like hoarding your grandma’s old china, but with more zeros. And as one sharp-eyed analyst pointed out, these long-term knights have been selling some of their coins lately, which isn’t exactly what a rising market dreams of.

But Moreno isn’t fussed about that alone. No, he’s checking if there’s enough demand to gobble up the supply these long-term holders are offering at fancier prices. Enter the mysterious “Apparent Demand”-a fancy chart comparing how many coins miners are producing versus how many coins have been sitting on the shelf unused for over a year.

He shared a graph-because what’s more fun than graphs?-showing this demand over the last few years. Turns out, in recent weeks, the short-term demand (that’s the 30-day thingy) has gone as red as a stop sign, meaning folks aren’t rushing in to buy Bitcoin. That’s why prices are sulking and dropping like a stone.

Meanwhile, the long-term demand (the one-year thingamajig) has inched upward ever so slowly-barely enough to make a cup of tea. It’s still below the 90-day average, so the excitement’s not exactly back in town yet.

Back in the earlier part of this year, we had a similar gloomy spell, and Moreno’s wondering: will history repeat itself? Or will demand surprise us and bounce back with a jump scare?

Bitcoin’s Bubble of Boredom:

As the clock strikes writing time, Bitcoin’s floating around $103,900-down 9% in the past week-crying a little and probably wishing it was an island instead. 🌴💦

So there you have it-demand’s on a diet, prices are feeling a tad blue, and everyone’s waiting to see if Bitcoin will wake up and dance again or keep sulking for a while. Either way, isn’t it just another day in the crazy land of crypto? 😉

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2025-11-05 01:48