Bitcoin Could Drop to $ 86k As Demand, Network Activity Falter: Cryptoquant

Bitcoin Entered the Final Stretch of Its Weekly Cycle and Could Bottom Soon, A Well-Followed Trader Said. Feb 19, 2025, 6:42 PM UTC

Bitcoin (BTC) Quickly Bounced Back From The Tuesday Dip to $ 93,000, But Downside Pressure Still Persets Risking A DEPER PULLBACK TO $ 86,000, Cryptoquant Said. WANING DEMAND, FALTERING BLOCKCHAIN ​​ACTIVITY AND LACK OF LIQUITY INFLOWS TO CRYPTO Are Among The Factors That Could Drag BTC LOWER, The REPORT SAID.

Demand for Bitcoin, Who Picked Up in Late 2024 AMID OPTIMISM OVER EASING REGulatory Headwinds on Trump’s Election Win, is Now retreating. Cryptoquant Data Shows that Demand Growth Slumped to 70,000 BTC Recently from The 279,000 BTC PEAK ON DECEMBER 4. INFLOWS TO SPOT BTC Exchange Bitcoin’s Previous Rallies, Have Disappered, Booking Regular Net Outflows Over the Past Two Weeks After Previously Seeing As Much As 18,000 Btc in Daily Purchases in NOVER.

Daily Changes in Btc etf Holdings (Cryptoquant)

Meanwhile, Cryptoquant’s Inter-Exchange Flow Pulse, WHICH TRACKS BTC MOVEMENT BETWEEN EXCHANGES, ALSO SIGNALS WEAKNESS WITH BTC Transfers to Coinbas-AIIA GAUGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGEGE. 90-day Moving AVERAGE.

Bitcoin Apparent Demand Metric (Cryptoquant)

Stablecoin Growth, A Key Fuel During Crypto Market Rallies, Also Lost Momentum. Althugh The Total Stablecoin Market Cap Recently to A New All-Time High Crossing $ 200 Billion, The Pace of the Expansion Has Slowed Signified. The 60-day average Change in USDT’s Market Capitalization, The Largest Stablecoin, Plunged by Over 90% Since Mid-December, Droping to $ 1.5 Billion from Over $ 20 Billion. With stablecoins offen used to buy Crypto Assets on Exchanges, The Slowdown Indicates a Lack of Fresh Capital Entering the Market.

Muted Blockchain Activity On the Bitcoin Network Flashes Further Warning Signs, Cryptoquant Analysts Said. Bitcoin’s Network Activity Has Slumped to ITS LOWEST LEVEL IN A YEAR, Per Cryptoquant’s Bitcoin Network Activity Index. The Metric Is Down 17% from Its November 2024 Peak and Fell Bell Below It 365-Day Moving Average for the FIRST TIME SINCE JULY 2021, WHEN CHINA BANNED BTC MINING. Fever Transactions Indicate Deckling Investor Engase and Waning Speculatory Interest.

BTC May Bottom SoonAfter Hitting A New Record of $ 109,000 in January Fueled by by Optimism AROUND DONALD TRUMP BECOMING President, BTC was strugmed to HOLD ITS GROUND AND HAS BEEN LAANVING IN A NARROVING IN A NARROW. Meanwhile, Sentiment in the Broader Crypto Market Has Been Batted by Highly Controversial Memecoin Launches in the Past Weeks, With The Likes of Trump Memocoin and Libat.

The Sentiment Reset is Almost Complete as Bitcoin Entered the Final Stretch of Its Weekly Cycle, Well-Followed Trader Bob Loukas Noted. BTC Could Find A Bottom of the Corrective Phase in the Near-Future, But It Could Break Below The $ 90,000 Range-Low in Doing SO, HE ADDED.

“More A quest if the bottom of the range (90k) can Hold or not,” Loukas Said in an X Post. “Doesn’t Matter, Sentiment Resetting Occurs Either Way.”