Eqlubrium
Is Demand on Bitcoin Weakening?
In 2024, Bitcoin was in demand in March (2) and December (3). That is the first time we have observed two peaks in Demand Momentum close like this. After the March momentum peak, we see a serious decrease (B). In general, after sequencing peaks on momentum, we see price and demand fluctuation and then gradually decrease like being at between 2017 August (1) and 2018 December (1.1). But sure we need to pay attention to Market Size, Volume, Liquidity, Interest, etc. changed significantly. But still, the final view is aiming for a downtrend on demand.