Bitcoin demand plunged to its lowest level in 2025, reaching -142 on March 13.
Analysts suggest that for Bitcoin to avoid a deeper correction, it must close above $89,000.
The decline in demand is attributed to macroeconomic uncertainty, geopolitical tensions, and stubborn inflation.
Despite the decrease, it is not seen as a sign of a prolonged bear market, as long-term investors continue to hold and institutional interest remains steady.