Post-Liquidation Hangover: Fading Demand Threatens to Drag Bitcoin to $72K, Analysts Say

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A sustained drop in investor demand following October’s record-breaking market crash has left Bitcoin vulnerable to a deeper correction, with analysts at CryptoQuant projecting a potential fall to $72,000.

The key level to watch is $100,000, a psychological and technical support that Bitcoin briefly lost on Tuesday. Julio Moreno, Head of Research at CryptoQuant, stated that a definitive break below this threshold could trigger a one- to two-month slide toward the $72,000 target.

The root of the problem is a clear downturn in market appetite. Moreno cites a cascade of negative signals: “Spot demand for bitcoin has been contracting,” U.S. investor interest has waned (evidenced by negative ETF flows), and the overall market mood, as measured by CryptoQuant’s Bull Score Index, is firmly “bearish.” This data suggests the market is still grappling with the aftermath of the October 10 liquidation, which shattered leveraged positions and appears to have spooked core investors.