Bitcoin’s Midlife Crisis: Will It Ever Recover? 😱

With Bitcoin‘s price languishing deeper in the red than a court jester’s embarrassment, poor investor sentiment has withered faster than a nobleman’s patience for unpaid debts!

• Bitcoin’s price clings to $113,000 like a miser clutching his last coin-no upward momentum in sight! 🤑
• The once-mighty crypto has shed 8% this week and now sulks 8.4% below its all-time high-how tragic! 😭
• CryptoQuant reports demand is dwindling faster than a royal feast when the wine runs dry. Slàinte! 🍷

At this very moment, Bitcoin ($BTC) trades at $113,770-unchanged from yesterday and just as thrilling as watching paint dry on a royal portrait. 📜 Though technically “up” 0.02% in 24 hours, we all know that’s a rounding error disguised as hope.

This prolonged slump leaves Bitcoin 8.4% below its peak just weeks ago, leaving traders as bearish as a Parisian baker robbed of his flour.

CoinGlass reports open interest has slipped 0.36%, trading volume is down 7.32%-proof that traders are fleeing faster than a debtor spotted by the king’s tax collectors. 💸

Less volume and dwindling interest? What a surprise-investors have decided they’d rather watch grass grow than endure this dull market!

Demand? What Demand? 😒

Bitcoin’s troubles aren’t just bad luck-no, dear friends, demand has melted like sugarloaf in hot tea! CryptoQuant reports Bitcoin accumulation has plummeted from 174,000 BTC in July to a mere *checks notes*… 59,000 BTC. Oof.

Even institutional buyers are losing interest-ETF purchases are at their lowest since April (11,000 BTC-hardly worth mentioning). Even mighty Strategy Corp has slowed from 171,000 BTC last November to a paltry 27,000 BTC this month. Mon Dieu! 🙈

“Bitcoin demand is fading.

Apparent demand dropped from 174K BTC in July to just 59K today.

ETF buying also hit a 4-month low, while MSTR slowed sharply.

Weak demand growth points to more consolidation ahead.” – CryptoQuant.com (@cryptoquant_com) August 20, 2025

Meanwhile, profit-taking is rampant-investors are cashing out $74 billion since July, while whale investors skimmed another $2 billion. Such greed! So much for HODLing. 🐳

CryptoQuant’s Bull Score has downgraded from “Extra Bullish” to “Bullish Cooldown” (read: “dead tired”). But alas, sharp declines may yet be stalled by $110K support-though whether traders will wait that long is another matter entirely!

For now, the market treads cautiously-if demand stays low and profit-taking keeps up, Bitcoin may sulk further. Until sentiment reverses, upward moves remain as likely as a peasant becoming king overnight. 👑