Bitcoin Demand Turns Negative Again: Analyst Warns of Further Downside

Bitcoin's apparent demand has turned negative again, according to crypto analyst Darkfost. This metric tracks whether buyers are absorbing supply or sellers are dominating and indicates that profit-taking by short-term holders is outpacing new buying interest.

The recent price struggles of Bitcoin, including its failure to hold key support levels, align with this trend. If demand does not recover soon, Bitcoin could face another leg down and potentially revisit lower price ranges seen in recent weeks.

Short-term holder behavior often serves as a leading indicator for market direction. When this group starts selling in large volumes, it can signal a lack of confidence in immediate upside.