Bitcoin Demand Wanes: Fakeout or Parabolic Rally Ahead?

The post Bitcoin Demand Wanes: Fakeout or Parabolic Rally Ahead? appeared first on Coinpedia Fintech News

Bitcoin (BTC) has experienced reduced demand, especially from institutional investors despite the apparent net cash inflows in the last few weeks. According to on-chain data analysis provided by CryptoQuant, the net demand for Bitcoin has been falling in the recent past. Precisely, the overall demand for Bitcoin has contracted significantly, such that people purchasing Bitcoin …