Bitcoin spot demand drop tey fastest since January; Coinbase premium dey show say US sell pressure dey rise

Published: 2026-05-23 13:47:27 |

CryptoQuant research head Julio Moreno talk say Bitcoin spot demand dey fall for the fastest rate since Jan 10. Using the on-chain metric “Apparent Demand”, the 30-day total dey about -40,000 BTC (lowest since early January), after small improvement for early April. CryptoQuant link this weakening spot demand to bearish pressure and say similar demand contractions don lead to BTC corrections of 10%+ within weeks before. Traders suppose watch whether Bitcoin spot demand go continue to dey worsen or e go stabilize, because persistent weakness fit mean say direct spot buyers no get confidence again. Another data point (Maartunn) show US exchange pressure: the Coinbase Premium Gap dey the lowest since February, meaning institutional/spot selling pressure dey rise. This match with BTC trading around $75,600 (-~2.5% on the day), raising risk of more downside if spot flows no recover. Key takeaway for traders: the mix of worsening Apparent Demand and softer US exchange/Coinbase premium dynamics point to weaker immediate spot inflows and a near-term downside risk skew for Bitcoin.

Bearish

Di latest update dey keep di same core bearish gist but e add one US-specific confirmation. First, Bitcoin spot demand (via CryptoQuant’s Apparent Demand) dey worsen now for di fastest pace since Jan 10 and di 30-day sum dey around -40,000 BTC, di weakest since early January. Historically this one don usually come before 10%+ BTC corrections inside few weeks. Second, di article add say di Coinbase Premium Gap don drop to di lowest since February, meaning institutional/spot selling pressure for US exchanges dey rise. Together, dem point to weaker immediate spot inflows and less conviction from direct buyers, wey increase di chance say downside go continue or wetin be choppy consolidation fit turn into deeper pullback. Short-term, traders fit see higher volatility and downside risk if Apparent Demand no stabilize. Long-term, proper recovery go need spot demand to bottom and US exchange pressure to ease; until then, di setup make more sense for bearish continuation than for bullish reversal.