🚨🚨 Bitcoin‘s Demand Hits Rock Bottom: Is the Party Over? 🚨🚨
Comrades, the news is not good. The apparent demand for Bitcoin (BTC) has hit rock bottom, plummeting into negative territory like a failed revolution. Traders and investors, once so full of hope and promise, are now taking a cautious approach to risk-on assets, fleeing in terror from the macroeconomic uncertainty that looms over us all like a dark storm cloud.
According to CryptoQuant’s Bitcoin Apparent Demand metric, demand for Bitcoin has dropped down to a dismal -142 on March 13, a number that makes even the most hardened cynic weep for the future of our beloved cryptocurrency.
But, my friends, this is not a new development. Bitcoin’s apparent demand has been slowly descending into the depths of despair since September 2024, peaking around December 2024 before beginning the slow, agonizing slide back down. And now, with the beginning of March 2025, it has finally reached the lowest point in 2025.
So, what’s behind this catastrophic decline? Fear, my friends, fear of a prolonged trade war, fear of geopolitical tensions, fear of stubbornly high inflation that refuses to die. It’s a perfect storm of uncertainty that’s driving traders to seek safe havens like cash and government securities, leaving poor Bitcoin to wither away like a forgotten flower.
Crypto markets hemorrhage amid macroeconomic uncertainty
The post-election hype has died down, comrades, and the harsh realities of macroeconomic uncertainty have set in. The White House Crypto Summit on March 7 was met with a collective shrug from investors, who are now more concerned with the state of the economy than with the promises of our leaders.
And even the news of lower-than-expected CPI inflation figures on March 12 couldn’t lift the spirits of our beleaguered cryptocurrency. The price of Bitcoin declined immediately following the news, a cruel reminder that even good news can’t save us from the darkness that’s descending upon us.
Crypto exchange-traded funds (ETFs) have been hemorrhaging assets, comrades, with four consecutive weeks of outflows beginning in February and the early weeks of March. Traditional financial investors are fleeing to safety, leaving our beloved cryptocurrency to fend for itself in the harsh world of finance.
According to CoinShares, outflows from crypto ETFs totaled $4.75 billion over the past four weeks, with BTC investment vehicles recording $756 million in month-to-date outflows. It’s a staggering number, comrades, a reminder that our beloved cryptocurrency is not as beloved as we thought.
Poor market sentiment and fears of a looming recession have triggered a wave of panic selling, sending crypto prices tumbling like a house of cards in the wind. Since the Trump inauguration on Jan. 20, the Total3 Market Cap has plummeted by over 27% from over $1.1 trillion to approximately $795 billion. It’s a disaster, comrades, a disaster of epic proportions.
And Bitcoin, that mighty cryptocurrency, has been trading below its 200-day exponential moving average (EMA) since March 9, with occasional dips below the 200-day EMA during February. It’s a sign, comrades, a sign that our beloved cryptocurrency is in trouble.
Bitcoin’s Average True Range (ATR), a measure of volatility, is currently over 5,035 — indicating significant price swings as markets grapple with macro factors. It’s a wild ride, comrades, a wild ride that’s leaving many of us wondering if we’ll ever see the good old days again.
Crypto analyst Matthew Hyland recently argued that Bitcoin must secure a close of at least $89,000 on the weekly timeframe or risk a further correction to $69,000. It’s a daunting task, comrades, a task that requires a level of courage and conviction that few of us possess.
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2025-03-15 00:12