Bitcoin demand is showing worrying signs again as fresh data points to fading interest from buyers and possible price pullback.
Analysts say this pattern has often led to market pullbacks, raising questions about where Bitcoin’s price could head next.
Bitcoin Rising Demand Followed by Sharp Drops
Recent data from CryptoQuant shows that Bitcoin demand is going through a familiar cycle.
Each time demand jumps, it is soon followed by a period of fading interest and falling prices. This has happened several times over the years, and it appears to be happening again.
The chart shared by market analyst Crypto Rover shows Bitcoin’s 30-day change in apparent demand.
Green bars represent rising demand, while red bars show when it drops. Every time there has been a strong demand spike, the market has cooled down shortly after.
It is worth noting that the pattern goes back to 2013 and has been consistent in every major cycle.
At the moment, Bitcoin price is pointing to $111,581.69 on the chart after being rejected at the $115,000 level earlier in the week.
The fading demand seen in recent data suggests that prices might still come under pressure. If the trend continues, analysts expect Bitcoin to test support near $107,000.
It is worth stating that this projection comes as Bitcoin exchange-traded funds (ETFs) saw small inflows earlier this week.
As of now, the volume is much lower than the amounts recorded when Bitcoin reached a record high of $126,199 in early October.
This smaller inflow shows that investor interest is still weak, even with positive signs from institutions.
Whales Are Accumulating Again
Despite the slowdown in overall demand, data from CryptoQuant also shows that large investors, known as whales, have started to increase their Bitcoin holdings again.
The one-year change in whale holdings has turned upward and crossed its one-year moving average.
In the past, similar moves have often marked the start of longer-term price growth.
During the 2020–2021 cycle, whale accumulation came before the big rally that took Bitcoin price chart above $60,000.
Some analysts believe this could be a positive sign, suggesting that long-term investors are quietly buying again.
Even so, others warn that the impact might not be immediate. The market still lacks enough liquidity, and short-term price changes could depend on global economic news.
Ongoing discussions between the United States and China, as well as the government’s fiscal issues, continue to weigh on market confidence.
For now, traders are waiting for stronger signals before taking new positions.
Bitcoin Price Chart Points to a Possible Pullback
It is important to add that charts suggest Bitcoin price chart may see a short-term dip. The RSI is around 43, showing that momentum is slowing down.
The MACD also turned negative last week, which usually comes before a brief decline.
If Bitcoin fails to stay above the 50-day EMA at $115,400, it could drop to the next support level near $107,245.
On the other hand, if demand picks up and ETF inflows increase, Bitcoin price could bounce back toward $115,000 on the near term chart.
Market watchers agree that this is a period to be careful. Bitcoin’s long-term story remains strong, but short-term demand is weak, and traders are not yet confident to push prices higher.
Many believe the next move will depend on how quickly large buyers return and whether global markets stabilize in the weeks ahead.
For now, Bitcoin’s demand curve is giving mixed signals. While whales are accumulating again, the broader demand data shows that many smaller investors are staying cautious.
The coming days will show whether the market can recover or if fading demand will once again lead to another round of price correction.