According to CryptoQuant data, Bitcoin demand has entered one of the most extreme contraction zones since 2019. The 30-day growth rate for spot and perpetual contract demand is nearing -650,000 BTC, a level that has only occurred 3 times in history. Analysts believe that the simultaneous shrinkage in spot and derivatives demand indicates a lack of new buying support in the market. This phase seems more like the beginning of a high-volatility and long-term consolidation period, rather than a clear bottom signal. https://(wublock123.com)/news/bitcoin-demand-enters-most-extreme-contraction-since-2019-62469