Bitcoin News

Story: Bitcoin Stalls Below $120K as Signs of Slowing Demand Surface Across Key Markets

By Julie Binoche

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U.S. and Korean Demand Slows Down. Recent insights from analysts at CryptoQuant indicate that demand for Bitcoin has weakened in two…

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Exchange Inflows Point to Rising Sell Pressure. Further adding to the bearish signals, on-chain data shows a spike in Bitcoin exchange inflows —…

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What It Means for the Broader Crypto Market. While Bitcoin’s sideways price action may disappoint some traders hoping for continued upside, it…

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Market Outlook: A Breather Before the Next Move?. Bitcoin's current pause below $120,000 may not necessarily indicate the end of the bull cycle.

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Bitcoin’s recent rally has taken a pause, with the leading cryptocurrency now trading just under $120,000 after hitting a new high above $123,000 earlier this month.

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This cooling off period in Bitcoin’s price movement suggests a market in consolidation mode.

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Recent insights from analysts at CryptoQuant indicate that demand for Bitcoin has weakened in two traditionally strong regions: the United States and South Korea.

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A key indicator used to measure regional investor sentiment is the Coinbase Premium Index, which tracks the price gap between Bitcoin listed on Coinbase and other global exchanges.

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This lack of premium growth suggests that American investors are not aggressively accumulating Bitcoin at current price levels.

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The Korea Premium Index tells a similar story. This metric, which compares Bitcoin prices on South Korean exchanges to global averages, has been on a downtrend.

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According to CryptoQuant analyst Arab Chain, the behavior of Korean retail investors now appears cautious, with some choosing to sell below global averages.

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Further adding to the bearish signals, on-chain data shows a spike in Bitcoin exchange inflows — the highest net inflow since July 2024, according to analyst ShayanMarkets.

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Large inflows to exchanges typically suggest that holders are preparing to sell, especially when Bitcoin is near its all-time highs.

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These exchange movements are historically linked with short-term market corrections. When large amounts of BTC are moved to exchanges, it often foreshadows increased volatility…

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ShayanMarkets notes that this move could be a sign of capital rotation. Rather than an outright market exit, some investors may be reallocating their profits into other areas of…

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