Bitcoin Faces Critical Test as Retail Demand Collapses

Bitcoin is approaching a crucial turning point. Retail participation is weakening, and the cryptocurrency is closing in on Binance’s $62,000 Reserve Realized Price, a key on-chain support level that has never been tested since U.S. spot Bitcoin ETFs were approved in January 2024.  Analysts at CryptoQuant warn that this combination could put the market’s near-term structure at risk. Retail Participation Continues to Slide According to CryptoQuant, on-chain demand has continued to fall, while retail participation remains subdued, a combination that threatens the current market structure if left unresolved. Analyst @caueconomy said a meaningful recovery will depend on “a renewal

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