Growth
Bitcoin Demand Contracts and Faces Liquidity Squeeze
Bitcoin demand has declined by 284,000 BTC over the past 30 days, according to Glassnode. This decline, coupled with a $14.2 billion contraction in stablecoin supply, has led to a liquidity squeeze. As a result, recent buyers who purchased at higher prices may face losses and add to selling pressure if a recovery fails to attract fresh capital. This could potentially push Bitcoin toward $70,000, where many recent buyers are at or near breakeven.