Bitcoin threatens to crash to $ 92,000: Cryptoquant warns 50% decline in demand and drainage of 800,000 BTC by short-term holder
Bitcoin threatens to crash to $ 92,000: Cryptoquant warns 50% decline in demand and drainage of 800,000 BTC by short-term holder
Bitcoin under pressure: Potential decline to 92,000 USD
In the past few weeks, Bitcoin, the leading cryptocurrency, has experienced a challenging phase. The crypto analysis company cryptoquant warns that Bitcoin demand has dropped by 50 %. This could lead to a dramatic decline in the Bitcoin course on possibly 92,000 USD.One of the relevant factors for these developments is the significant sale of Bitcoin by short -term investors. In the past few weeks, short -term owners have sold a total of 800,000 BTC. This sales behavior could undermine confidence in Bitcoin and further burden the market.
The current market situation shows that increased volatility is to be expected. Analysts and investors are concerned because a decline to this extent could have far -reaching consequences for the entire cryptocurrency market. The market participants follow the developments closely in order to be able to react to possible trend changes.
Overall, it remains to be seen how the situation develops and whether Bitcoin will be able to recover from these lows or whether the price will actually reach the forecast 92,000 USD. The coming weeks and months could be decisive for the future of leading cryptocurrency.