Market Analysis
Bitcoin (BTC) has surged above $85,000, marking a 4.3% increase in 24 hours despite concerning on-chain metrics showing the weakest demand levels of 2025. This paradoxical price movement has left analysts divided on the cryptocurrency’s next major move, with some predicting an imminent correction while others remain bullish on long-term prospects.
In a significant development that could impact market sentiment, recent predictions of a potential drop to $70K are gaining attention as weak demand metrics align with bearish forecasts.
Demand Crisis Unveiled
CryptoQuant analyst Darkfost’s latest research reveals a troubling trend in Bitcoin’s supply-demand dynamics. The analysis shows:
- Continuous decline in accumulation since December 2024
- Supply-demand ratio dropping below critical levels
- Reduced active BTC accumulation signaling negative demand shift
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Expert Predictions
Despite weak demand signals, prominent analysts maintain optimistic outlooks. Javon Marks projects a potential Bitcoin price target exceeding $500,000, citing historical price structures and current market momentum. Technical analyst Ali identifies an ascending triangle formation suggesting an additional 9% surge if buying pressure maintains above $84,000.
Market Implications
The current market structure presents a complex scenario where technical indicators and on-chain metrics tell different stories. While price action remains bullish, the underlying demand weakness could signal an upcoming market correction, particularly if institutional interest continues to wane.
Source: NewsBTC