The Bitcoin market is showing signs of weakening, as indicated by several important indicators. The analytical company CryptoQuant highlights the negative dynamics of demand, changes in the behavior of “whales,” and a significantly reduced interest among American investors.
This is reported by Business • Media
Changes in Demand and Activity of Major Players
According to CryptoQuant, the net demand for Bitcoin in January 2026 shifted from the “green” zone that prevailed in mid-2025 to the “red” zone. This indicates that long-term holders are selling more than the market can absorb. Analysts note that the annual change in volumes on wallets holding between 1,000 and 10,000 BTC has turned negative for the first time in a year, signaling profit-taking by the largest participants in the crypto market.
Holders of 100 to 1,000 BTC are also reducing their positions. In particular, the 30-day change in their portfolios has become negative, indicating a trend towards selling rather than long-term holding of the asset.
Coinbase Premium and Demand from the U.S.
Another important signal has been the dynamics of Coinbase Premium. This indicator reflects the difference between the price of Bitcoin on the Coinbase exchange and other platforms. Currently, the indicator is at a significantly negative level, which experts believe indicates weak demand for cryptocurrency among American investors, including institutional ones.
“In summary, all four indicators are currently showing a bearish convergence: institutional demand in the U.S. is weak, overall demand is negative, and whales are in a selling phase,” analysts concluded.
Earlier, QCP Capital also noted that Bitcoin continues to be under pressure amid geopolitical tensions. As of now, the price of the first cryptocurrency is holding near the $89,500 mark.
