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Bitcoin's Demand Dwindling Despite Large Purchases

The demand for Bitcoin is declining sharply.
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AI Analysis

The recent data shows that while ETFs have purchased 377,000 BTC and MicroStrategy (MSTR) has acquired 371,000 BTC, there is a notable decrease in overall demand, with visible demand dropping by 857,0...

AI Recommendation

Given the decline in visible demand, it is prudent to adopt a cautious stance toward Bitcoin at this time. The substantial purchases by ETFs and MSTR do not seem sufficient to sustain a bullish trend ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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