Bitcoin Demand Shows Signs of Contraction, Similar to March 2022 Bear Market, According to CryptoQuant Analysis

2026/05/22 12:31 (Updated 2026/05/22 15:01)

CoinPost

Written by A.Yamada

Bitcoin Demand Shows Signs of Contraction, Similar to March 2022 Bear Market, According to CryptoQuant Analysis

Reversal at the 200-Day Moving Average

CryptoQuant, a cryptocurrency analysis firm, released its weekly market report on May 20th, indicating that demand for Bitcoin (BTC) is entering a contraction phase. The report suggests that if the adjustment continues, the major support line could be around $70,000.

After a 37% rise from its April lows, Bitcoin encountered resistance at the 200-day moving average, which stands at $82,400...

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