Bitcoin ETF Demand Declines: Weakest Levels Seen Since Launch

Analysis of Bitcoin’s ETF buying reveals declining demand, with significant drops observed in both short-term and long-term trends. Recent data shows a decline in both 30-day and year-over-year ETF purchases. The shrinking activity suggests a weakening market environment for the cryptocurrency. This decline coincides with a period of increased volatility in Bitcoin’s price, as indicated by the strong upward and downward movements seen throughout the year. Experts are now scrutinizing how this trend will unfold, with questions around its potential impact on future Bitcoin activity.