Analyst: Bitcoin demand is slowing down, with potential support area around $92000

According to BlockBeats, on June 22nd, CryptoQuant research director Julio Moreno stated that Bitcoin demand is showing signs of cooling down after experiencing an accelerated rise and a price close to $112000. The demand for spot goods is still growing, but the growth rate has slowed down and is currently below the historical trend. The Bitcoin purchase volume of Whale and ETF has halved. The demand for new investors is also decreasing. In the futures market, investors have recently chosen to take profits and started establishing new short positions. If demand continues to be weak, Bitcoin may find support around $92000, which corresponds to the actual cost price of traders on the chain and is a typical support zone during bull markets. If this support fails, the next support level may be at $81000, close to the lower bound of the actual cost price on the trader's chain.