Bitcoin Risks Drop Toward $72K as Weak Demand and Selling Pressure Grow

Bitcoin slipped 6.5% from its recent high above $82,000, raising concerns that the price could fall toward $72,000 if market weakness continues. Analysts say the recent decline comes as demand slows and selling pressure increases across exchanges.

Bitcoin recently lost its 50-day and 100-day exponential moving averages, a sign that short-term momentum has turned bearish. Market analysts noted that the rejection near $82,000 happened at the upper boundary of a trading channel that has shaped price action since February. In previous cases, similar rejections led to declines of 11% to 14%.

If the pattern repeats, Bitcoin may revisit the lower end of the channel near $72,000.

Weak Bitcoin Demand Raises Market Concerns

Market data also points to weakening investor demand. Bitcoin’s apparent demand dropped to around negative 147,000 BTC, marking its weakest reading of 2026 so far and the lowest level since December 2025.

Analysts warned that without stronger spot demand, Bitcoin could struggle to maintain any recovery.

At the same time, Binance recorded nearly 10 days of steady Bitcoin inflows. Weekly average inflows jumped from 378 BTC on May 16 to nearly 1,190 BTC, often viewed as a signal that investors may be preparing to sell.

Still, some analysts believe improving global conditions, including a possible Middle East peace deal, could help Bitcoin recover above $80,000 in the short term.