- Bitcoin (BTC’s) apparent demand fell to -142 on March 13, the lowest in 2025.
- Analysts suggest that BTC must close above $89,000 to avoid a deeper correction.
Bitcoin demand has dropped to its lowest level this year, according to CryptoQuant. The apparent demand metric fell to negative 142 on March 13, marking a sharp decline since its peak in December 2024. Investors are shifting away from risk assets due to macroeconomic uncertainty, geopolitical tensions, and stubborn inflation.
The weakest Bitcoin demand of the year
— CryptoQuant.com (@cryptoquant_com) March 14, 2025
“Demand has been weakening since December and continues to decline over time. This suggests that investors are becoming more cautious and may be shifting toward less risky assets.” – By @Darkfost_Coc
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Bitcoin has struggled to reclaim the $100,000 level. Since January, its price has fallen over 22% from a high of $109,000. It now trades below its 200-day exponential moving average (EMA), a key technical indicator. Crypto analyst Matthew Hyland warns that Bitcoin must close above $89,000 on the weekly chart to avoid further declines to $69,000.
The post-election hype faded after the White House Crypto Summit on March 7. Despite lower than expected CPI inflation on March 12, Bitcoin’s price dropped after the report. Crypto ETFs have also suffered. Since February, they have seen four consecutive weeks of outflows, totaling $4.75 billion.
Market Signals No Prolonged Bear Trend
Bitcoin investment vehicles alone recorded $756 million in outflows this month. Poor sentiment and recession fears have fueled panic selling. The Total3 Market Cap, which excludes Bitcoin and Ethereum, has plunged 27% since Trump’s inauguration, falling from $1.1 trillion to $795 billion.
Despite the decline in demand, CryptoQuant CEO Ki Young Ju does not see this as a sign of a prolonged bear market. He argues that demand slowdowns are common in volatile markets. Several on-chain metrics suggest the broader market is not in panic mode. Long-term investors continue to hold, and institutional interest remains steady.
Exchange inflows are low, suggesting reduced selling pressure. Accumulation addresses are slowing but remain active. Bitcoin’s Average True Range (ATR), which measures volatility, is at 5,035, indicating strong price swings.
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