cryptocurrency There are several platforms whose data can be trusted for on-chain in the ecosystem, and one of them is CryptoQuant. In their latest assessment, analysts pointed out the necessary conditions for the possible rise of Bitcoin. At the time of writing, BTC is at $66,700 and altcoins continue the day with losses exceeding 5 percent. So what is needed for ascension?
Demand for cryptocurrencies has decreased
altcoins It has already been away from investor interest for a long time, but now the demand for Bitcoin has narrowed considerably. Analysts say Bitcoin spot demand is declining even as some institutional buying continues. They are not wrong, considering that the 30-day apparent demand was approximately -63,000 BTC as of the end of March. What is dominant now is selling pressure, not buying pressure. US investors, in particular, have had no appetite for a long time.
Saylor had above-average weeks of accumulation before halting purchases, but that wasn’t enough to ease the pressure. CryptoQuant, ETFs He wrote that his 30-day purchases rose sharply last month, reaching nearly 50,000 BTC, the highest level since October 2025.
“Despite this institutional momentum, total apparent demand continues to contract, suggesting that sales by retail and other market participants have more than offset increased purchases by institutional buyers.
“The ongoing contraction in demand since the end of November 2025 confirms that the general market is in the distribution phase.”
Will Bitcoin hit $81,200?
We warned last year when South Korean investors left. However, US investors’ appetite was relatively strong in those days. As we move towards the end of 2025, we noted that US investors are starting to move away from crypto. This year, to a large extent Coinbase Premium Index remained in negative territory. So US investors also have no appetite.
The lack of appetite of individual investors varies from region to region. South Korean investors are not on today’s topic, but they have turned to their local stock markets as AI-related companies in their country have outperformed. USA Investors are today’s topic. They, too, were sidelined by changes in both economy and politics.
Moreover, whales are also sellers. CryptoQuant reminded that after whales purchased more than 200,000 Bitcoins in 2024, they began to reduce their assets in mid-2025, and this process accelerated in late 2025 and early 2026.
“365-day SMA [basit hareketli ortalama] “It continues its downward trend, confirming that the distribution is structural and not temporary.”
So, although it is difficult to accept, we have been in bear markets for a while. Analysts predict a short-term price rebound if macro conditions improve, especially if the US-Iran conflict calms down. The resistance area of the current bear cycle is between $71,500 and $81,200. BTC may test the ceiling after returning to this range.
“The easing of geopolitical tension could act as a positive catalyst in the short term, potentially triggering a relief rally towards the lower band of $71,500. If buying momentum picks up, the next significant resistance level would be the Trader Realized Price of ~$81,200, capping the January 2026 bear market rally.”
