Bitcoin pinned under $72K as four network metrics show ‘weaker demand’

Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC’s short term prospects.

Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential.

Key takeaways:

Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions.

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