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Bitcoin spot demand hits lowest since January, raising concerns over price stability and possible drop to $54K.

Market News
24 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin spot demand has sharply declined to its weakest level since mid-January, signaling reduced institutional buying despite recent price rallies. Analytics from Whale Factor show that recent BTC price gains lacked strong backing from large U.S. institutional investors, with spot market activity turning deeply negative. This weakening demand raises concerns about Bitcoin's short-term price stability, especially as ETF inflows slow and macroeconomic uncertainties persist. Kalshi traders now forecast Bitcoin could revisit the critical $54,000 support level before year-end, reflecting growing caution and the potential for a deeper correction if institutional participation does not improve.

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