Bitcoin Demand Plummets: What’s Next for BTC Prices?

Bitcoin’s recent price performance has seen a significant decline as evident by the BGeometrics Demand Index, which reached its lowest point in weeks at 31. This coincides with Bitcoin prices dropping to around $110,842, highlighting a growing disconnect between market sentiment and price support. The demand curve, which measures network and trading activity relative to market interest, often serves as a leading indicator for future price movements.