Woofun AI data shows that Bitcoin (BTC) demand decreased further compared to the previous day, with negative demand primarily originating from the spot market and selling pressure remaining elevated.

However, the volume of Bitcoins flowing into "accumulation addresses" is rising, indicating that long-term holders are absorbing a portion of this selling pressure. Since November last year, the spot market has experienced continuous outflows, but whale investors are currently taking on these sell-offs. Analysts suggest that a return to positive spot demand could trigger a strong market uptrend.