BTC momentum, the worst on record per CryptoQuant.

Cointelegraph highlighted new on-chain data from analytics firm CryptoQuant showing that Bitcoin demand and momentum have collapsed to the weakest levels on record, particularly among short‑term holders. CryptoQuant’s data indicates that short‑term holders now control about 4.5 million BTC, down roughly 800,000 BTC since May 27, reflecting a sharp reduction in speculative and fresh capital entering the market. The firm’s “demand momentum” metric, which tracks net 30‑day changes in Bitcoin holdings across market participants, has fallen to around –2 million BTC, described as the worst reading since the metric has been tracked. This deterioration in demand coincides with a broader cooling of Bitcoin’s post‑halving rally and weakening inflows from key buyer segments such as spot ETFs and new market entrants. CryptoQuant’s broader research notes that total Bitcoin demand has recently seen its largest contraction since early 2022, while ETF demand growth has dropped to record lows, reinforcing the view of a buyer drought and subdued bullish conviction. These conditions matter because sustained negative demand momentum and reduced short‑term holder exposure have historically appeared near major local bottoms, but they also underscore heightened downside risk and fragility in the market if new demand does not return.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• New money is drying up in Bitcoin. Short-term holders now hold 4.5 ... (x.com)
• CryptoQuant Flags Extreme Bitcoin Demand Contraction (bitcoinfoundation.org)
• Bitcoin Demand Momentum Remains Deep in Negative Territory (cryptoquant.com)
• Is Bitcoin Nearing a Bottom? - CryptoQuant (cryptoquant.com)
• Quicktake | CryptoQuant (cryptoquant.com)

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