Bitcoin Demand Weakens Amid Macroeconomic Pressures, Cryptocurrency Market Adjustment Expected

Crypto analyst Darkfost has analyzed that macroeconomic conditions are causing a weakening in Bitcoin demand, and if these conditions do not improve rapidly, an adjustment across the entire cryptocurrency market is expected. He stated, "Bitcoin spot demand is struggling to maintain current levels. The spot demand indicator turned negative over the past 24 hours, while futures demand remains positive but shows a clear trend of weakening. Institutional investors also find the current macroeconomic environment unfavorable for taking on risks associated with assets like Bitcoin. The Coinbase Premium Index has recorded negative readings for several days in a row. Additionally, net outflows have been observed across cryptocurrency ETFs, including Bitcoin, in the U.S. ETF market. Consequently, the current market is moving based on macroeconomic and geopolitical news. There is also potential for the White House to announce some measures to stabilize rapidly rising bond yields," he predicted.