Bitcoin Demand Turns Negative, Raising Risk of Further BTC Decline

• Bitcoin demand turns negative, weakening momentum as buyers struggle to absorb supply.
• BTC faces downside risk near $78K as weak demand and profit-taking pressure builds. 
• Negative demand and macro pressure raise risk of BTC falling toward $74K support.

Bitcoin buyers are struggling to absorb new supply as demand turns negative again, weakening near-term momentum around $78,000. Traders now face a key question: whether fresh demand returns before another downside move develops.

Bitcoin Buyers Face Negative Demand Warning

CryptoQuant’s 30-day demand indicator turned negative after briefly recovering in August. The metric, highlighted by analyst Darkforest, fell toward negative 80,000 BTC after reaching positive demand near 40,000 to 45,000 BTC.

The average demand had remained negative through most of 2026, with June recording the highest contraction. At that…

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