A Very Serious Bitcoin (BTC) Warning Came from CryptoQuant! "These Levels Can Be Seen!"

The leading cryptocurrency Bitcoin (BTC) continues to be affected by the conflict between Israel and Iran.

While BTC has been moving in a narrow range in recent days, CryptoQuant said that the risk of a very serious decline for Bitcoin remains.

According to this, CryptoQuant analysts stated that if the demand continues to decline, Bitcoin could drop to 92 thousand dollars.

At this point, CryptoQuant analysts stated that spot Bitcoin ETF inflows have decreased by more than 60% since April.

Analysts noted that in addition to the decrease in ETF inflows, whale accumulation has also halved, indicating a bearish trend for BTC.

According to the data, short-term investors have also sold approximately 800,000 BTC since the end of May.

As a result, all these indicators show that the demand for Bitcoin has decreased. Because CryptoQuant's demand momentum indicator has also dropped to negative 2 million BTC, which is the lowest level so far.

At this point, CryptoQuant warned that if demand continues to decline, BTC could drop to $92,000, or even to $81,000 if the situation worsens.

*It is not investment advice.

Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS applications!