Bitcoin: Demand Contraction Signals Risk-Off Mode

Bitcoin faces a serious demand problem behind the scenes despite holding its current range. CryptoQuant analyst Darkfost reports apparent demand has fallen deep into contraction territory, confirming the market remains in a risk-off environment with retail liquidity staying sidelined.

Historically strong macro uptrends only return once spot demand starts recovering. If this weakness continues, BTC could revisit lower support levels before the next major expansion.

Price sits at $77749.38 inside the Bollinger Bands on the 4h chart, testing toward upper resistance at $78326.29 while the EMA50 at $77282.04 and EMA200 at $77334.04 act as concrete support. With RSI at 59.0 neutral and MACD showing a bullish golden cross at 140.67, the structure stays intact yet a healthy retracement to the 50-EMA support remains probable before continuation.