Bitcoin Demand Hits 27-Month Low – Is a Major BTC Price Drop Ahead?

Key Takeaways:

• Bitcoin’s apparent demand has fallen to its lowest level since December 2023, raising concerns over price stability.
• Whale accumulation is at its highest level since 2021, signaling that institutional investors are buying the dip.
• Bitcoin remains within its parabolic uptrend, with $80,000 as key support and $90,000–$100,000 as resistance.

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Bitcoin Price Analysis: A Critical Moment for BTC?

Bitcoin (BTC) has declined over 25% in the last two months after reaching its all-time high of $110,000. This pullback coincides with a sharp drop in apparent demand, a crucial on-chain metric that often influences market sentiment.

So, what does this decline mean for Bitcoin in the coming weeks? Let’s break it down.

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What is Bitcoin’s Apparent Demand and Why Does It Matter?

The Bitcoin Apparent Demand metric measures the balance between new BTC production (mining rewards) and the change in long-term holdings (BTC that hasn’t moved in over a year).

• Positive apparent demand = More BTC is being held long-term than newly mined → Bullish sign
• Negative apparent demand = New BTC production outpaces long-term holdings → Bearish sign

📉 As of March 17, Bitcoin’s 30-day apparent demand stands at -152,000 BTC, the lowest level in 27 months. Historically, negative apparent demand aligns with price corrections but often signals a bottom is near.

Key Observations:

1. Sustained declines in apparent demand (2015, 2018, 2022) led to deep bear markets.
2. Short-term dips (2016, 2020) were part of normal pullbacks, followed by strong recoveries.
3. Bitcoin’s current drop in demand started in 2025, so it remains a short-term trend for now.
4. Traders should watch for signs of demand recovery—if it fails to bounce back, Bitcoin may face further downside risks.

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Bitcoin Whale Data Suggests Big Players Are Buying the Dip

Despite concerns over declining demand, Bitcoin whale holdings have surged to their highest level since March 2021.

💰 What This Means:

• Large investors are accumulating BTC, a pattern that has historically preceded major price rebounds.
• Similar whale accumulation phases in 2019 and 2020 led to Bitcoin surging past $20,000 for the first time.
• This suggests Bitcoin is in a mid-cycle accumulation phase, where smart money is positioning for the next bullish move.

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Bitcoin Technical Analysis: Parabolic Uptrend Still Intact

Bitcoin remains in a strong parabolic uptrend on the weekly chart, confirming that the macro bull trend is still in play.

📊 Technical Levels to Watch:

• Support: $80,000
• Resistance: $90,000–$100,000
• Breakout Target: If BTC reclaims $90,000, a push toward $100,000 becomes likely.
• Bearish Scenario: If BTC fails to hold $80,000, deeper consolidation toward $75,000–$78,000 may occur.

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Final Thoughts: Will Bitcoin’s Demand Rebound or Trigger a Bigger Drop?

While Bitcoin’s apparent demand has declined sharply, whale accumulation is rising, suggesting long-term confidence remains high. BTC’s parabolic structure is still intact, and a break above $90,000 could confirm further upside potential.

🔔 What to Watch Next:

• If Bitcoin’s apparent demand rebounds, expect a strong rally toward $90K+.
• If demand stays weak, further downside is possible, but whales accumulating could prevent a deeper crash.
• The next big move will depend on whether BTC holds $80,000 as support or faces another sell-off.

👉 Do you think Bitcoin will hold above $80K, or is another drop coming? Let us know in the comments! 🚀

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