Julio Moreno, head of research at CryptoQuant, said Bitcoin is under pressure as demand falls quickly and stablecoin liquidity contracts, with price support in the $73,000-$76,000 range.
CryptoQuant's Julio Moreno says Bitcoin faces pressure as demand and stablecoin liquidity fall
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The story so far: CryptoQuant analyst on weak BTC demand
CryptoQuant analysts have flagged weak bitcoin demand, with a contributor attributing a pullback to weak spot demand and a nearly 10% drop in futures open interest. CryptoQuant now says a sustained recovery needs stronger spot demand and broader accumulation. It says Bitcoin failed to hold above $80,000 and fell back…
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CryptoQuant's Julio Moreno says Bitcoin faces pressure as demand and stablecoin liquidity fall
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