Bitcoin Demand Momentum Hits Lowest Since Oct ’24

• Bitcoin demand momentum turns highly negative again.
• Current trend mirrors weakness last seen in October 2024.
• Sustained price gains unlikely until demand recovers.

Bitcoin demand momentum is slipping again, reaching its most negative level since October 2024. While the pace of the decline has slowed compared to recent weeks, the underlying trend still shows weakness. This signals that despite some signs of stability, traders and investors remain cautious.

When demand momentum is low, it typically means fewer buyers are entering the market , and existing holders may not feel confident enough to push prices higher. In this case, while demand isn’t falling as sharply, it’s still falling — and that matters.

Why Momentum Matters in Crypto

In crypto markets, momentum often acts as a predictor of short-term price action. Positive demand momentum means more capital is flowing into assets like Bitcoin, which can fuel price rallies. Conversely, negative momentum, especially when it’s at multi-month lows, hints that the market might struggle to break out of current price levels.

This latest reading — the lowest since October 2024 — shows a strong bearish sentiment among traders. Back then, the market faced similar indecision, and it took weeks before prices found stable support and began to recover.

Bitcoin demand momentum is slipping again, reaching its most negative level since October 2024. While the pace of the decline has slowed compared to recent weeks, the underlying trend still shows weakness. This signals that despite some signs of stability, traders and investors remain cautious.

When demand momentum is low, it typically means fewer buyers are entering the market, and existing holders may not feel confident enough to push prices higher. In this case, while demand isn’t falling as sharply, it’s still falling — and that matters.

No Strong Recovery Without a Demand Shift

For Bitcoin to see sustained upward movement , both spot demand and its momentum need to recover. Without renewed interest from buyers, especially in the spot market, upward pressure remains limited. Analysts and investors will likely watch for signs of stabilization and reversal in these metrics before expecting a bullish trend.

Until then, it’s a waiting game.

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