CryptoQuant: Bitcoin Demand is Slowly Fading, Potentially Applying Downward Pressure to Price

December 19, CryptoQuant posted data on social media indicating that the Bitcoin demand frenzy is subsiding. This cycle has seen three waves of spot demand surges, and the latest one appears to be coming to an end.Since early October, demand has been consistently below trend levels, which could create downward pressure on the price.