Bitcoin Price Rally Faces Headwinds as Spot Demand Weakens

  • Bitcoin (BTC) has surged past $90,000, hitting $91,700 on April 22, but on-chain data reveals underlying weakness in demand that could threaten the rallys sustainability. According to CryptoQuant, spot demand for Bitcoin has declined by 146,000 BTC over the past 30 days, despite the recent price recovery.