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Bitcoin Demand Falls to Multi-Month Lows—Short-Term Rotation or a Deeper Structural Shift?

2026-06-05 09:58:50

Story Highlights* Bitcoin remains under heavy selling pressure after losing a key support zone, with bears maintaining control of the short-term trend.

Bearish sentiment is intensifying as Bitcoin demand falls sharply, while weakening network activity raises concerns about investor participation.
BTC has tested a crucial support level twice since yesterday, increasing the risk of a breakdown below $60,000.

BTC-4.75%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

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