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via Cointelegraph · By Cointelegraph Staff
Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation
BTC
BTC/USDT
$63,432.80
+1.22%
$63,432.80
+1.22%
(24s)24h Volume
$10,170,044,972.96
24h H/L
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
Long/Short
61.1%
Long: 61.1%Short: 38.9%
Funding Rate
+0.0043%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:49 PM UTC)
1 min read
1108 views
0 commentsDemand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation.
Key takeaways:
- Bitcoin’s apparent demand fell to -3,138 BTC, its lowest level in four months.
- Weak spot activity and negative ETF flows pressure the BTC price below…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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