Bitcoin Spot Demand Plummets Amid Weak Institutional Support
- Spot Demand Decline: Whale Factor reports that Bitcoin's organic spot market activity has dropped to its lowest levels since mid-January, indicating a significant reduction in institutional buyer participation, which raises concerns about the short-term price stability of Bitcoin.
- Slowing ETF Inflows: Institutional participation has continued to weaken since the approval of spot ETFs in the U.S., with recent inflows significantly slowing compared to the momentum seen during the strongest phases of the rally, increasing market uncertainty.
- Cautious Market Predictions: Kalshi traders forecast that Bitcoin could revisit the crucial $54,000 support level by year-end, reflecting growing concerns over liquidity conditions and fading confidence in a sustained bullish market structure.
- Increased Volatility Risks: Analysts warn that without renewed spot participation, Bitcoin remains vulnerable to miner selling pressure and profit-taking activities, with the potential for aggressive repricing events as liquidity conditions tighten across exchanges.
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Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST). As of , JUST (JST) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0813 | 0.0845 | 0.0881 | 0.0913 | 0.0949 | 0.0981 | 0.102 |
| Fibonacci | 0.0845 | 0.0871 | 0.0887 | 0.0913 | 0.0939 | 0.0955 | 0.0981 |
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