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Bitcoin spot demand drops fastest since January, signaling potential rally weakness despite high prices.

Market News
23 May 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin's spot market demand is contracting at its fastest rate since January 10, 2026, indicating weakening genuine buying interest despite prices holding near recent highs. Since late November 2025, more Bitcoin has been sold than bought on spot markets, with a sharp decline noted in April and a recent acceleration in May. The recent price rally was driven mainly by futures trading rather than spot buying, with US investor interest cooling as shown by a negative Coinbase Bitcoin Premium. This suggests that the rally may lack strong conviction and could face consolidation or pullbacks unless spot demand recovers.

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