BTC demand indicators weaken... Whale Holding Growth Slows

“Most indicators of Bitcoin (BTC) demand are showing weakness,” Cointelegraph analyzed. “The monthly growth rate of whales' BTC holdings slowed to 1%, compared to 6% in February,” the media outlet noted. Typically, BTC prices rise when this indicator is above 3%. In addition, inflows into US BTC spot ETFs on a monthly basis also decreased compared to March.” “However, BTC holdings by long-term holders are increasing sharply compared to the previous quarter. Despite the overall slowdown in demand for BTC, long-term holders continue to accumulate BTC.”