Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data

Bitcoinist06-05 15:00

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the total demand for Bitcoin has significantly contracted over the past month, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641114552?lang=en_US&edition=fundamental","thumbnail":"https://bitcoinist.com/wp-content/uploads/2026/06/btc_da21f8.png?resize=350%2C250","is_english":true,"pubTime":"2026-06-05 15:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641114552","market":"nz","top_or_hot":-1,"title":"Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data","media":"Bitcoinist","content":"<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nOn-chain data shows the total demand for Bitcoin has significantly contracted over the past month, ...</p>\n\n<a href=\"https://bitcoinist.com/bitcoin-demand-falls-at-fastest-pace-luna-collapse/\">Source Link</a>\n\n</div>\n","source":"bitcoinist_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-05 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://bitcoinist.com/bitcoin-demand-falls-at-fastest-pace-luna-collapse/><strong>Bitcoinist</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nOn-chain data shows the total demand for Bitcoin has significantly contracted over the past month, ...</p>\n\n<a href=\"https://bitcoinist.com/bitcoin-demand-falls-at-fastest-pace-luna-collapse/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBTY","symbol_name":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","start_time":0,"source_url":"https://bitcoinist.com/bitcoin-demand-falls-at-fastest-pace-luna-collapse/","article_id":"2641114552","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/06/btc_da21f8.png?resize=350%2C250"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/bitcoin-demand-falls-at-fastest-pace-luna-collapse/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2641114552","pubTimestamp":1780642829,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"On-chain data shows the total demand for Bitcoin has significantly contracted over the past month, hitting a pace comparable to...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BRRR":"比特币ETF-CoinShares","BTFX":"比特币期货ETF-CoinShares","BITO":"比特币期货ETF-ProShares","BTCI":"NEOS Bitcoin High Income ETF","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BPI":"Grayscale Bitcoin Premium Income ETF","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BTF":"比特币&以太币期货ETF-CoinShares","IBIT":"比特币ETF-iShares","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","EZBC":"比特币ETF-Franklin","MNRS":"GRAYSCALE BITCOIN MINERS ETF","ARKB":"比特币ETF-21Shares","BTC":"Grayscale Bitcoin Mini Trust","BITU":"2倍做多比特币期货ETF-Proshares","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BCCC":"Global X Bitcoin Covered Call ETF","SBIT":"2倍做空比特币期货ETF-Proshares","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITX":"2倍比特币期货ETF-Volatility Shares","BTCW":"比特币ETF-Wisdom Tree","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","MAXI":"比特币期货ETF-Simplify","HODL":"比特币ETF-VanEck","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","YBTC":"比特币看涨期权ETF-Roundhill","BTRN":"比特币期货ETF-Global X","BITB":"比特币ETF-Bitwise","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","FBTC":"比特币ETF-Fidelity","BTCO":"比特币ETF-Invesco Galaxy","BETH":"比特币&以太币期货ETF-ProShares","DEFI":"比特币期货ETF-Hashdex","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","GBTC":"比特币ETF-Grayscale","BITI":"1倍做空比特币期货ETF-Proshares","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October"},"translate_title":"比特币需求以LUNA崩溃以来最快速度下降：数据","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTRN":0.6,"BITY":0.6,"CBTA":0.6,"BTCI":0.6,"SBIT":0.6,"CBOY":0.6,"QBF":0.6,"BITX":0.6,"BFJL":0.6,"BFAP":0.6,"ARKB":0.6,"CBTY":0.6,"YBTC":0.6,"BITU":0.6,"BRRR":0.6,"BTCL":0.6,"MAXI":0.6,"BTF":0.6,"CBTO":0.6,"BTFX":0.6,"BTCO":0.6,"CBXJ":0.6,"HODL":0.6,"CBXA":0.6,"BAGY":0.6,"CBXY":0.6,"DFII":0.6,"BETE":0.6,"BTCW":0.6,"CBOO":0.6,"GBTC":0.6,"XBTY":0.6,"CBOA":0.6,"BITI":0.6,"CBXO":0.6,"BITB":0.6,"BTC":0.6,"BITO":0.6,"BETH":0.6,"EZBC":0.6,"DEFI":0.6,"CBTJ":0.6,"FBTC":0.6,"CBOJ":0.6,"MNRS":0.6,"BCCC":0.6,"IBIT":0.6,"BPI":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nOn-chain data shows the total demand for Bitcoin has significantly contracted over the past month, hitting a pace comparable to the LUNA collapse.\nBitcoin Spot & Futures Demand Has Shrunken Recently\nAs pointed out by CryptoQuant head of research Julio Moreno in an X post, Bitcoin demand has been contracting at a sharp rate recently. “Demand” here refers to the combined amount of Bitcoin flowing into spot and futures markets.\n\n\n\n\n\n\nRelated Reading: Bitcoin Long-Term Holders Lead $1.35 Billion Capitulation: Glassnode\nBelow is the chart shared by Moreno that shows the 30-day change in this demand over the last few years.\n\nThe value of the metric appears to have plummeted in recent days | Source: @jjcmoreno on X\nAs displayed in the graph, the total demand for Bitcoin rose alongside the price surge that occurred over the course of April and the first half of May. Interestingly, as the color coding of the curve suggests, this increase was due to demand flowing into derivatives markets; spot demand actually contracted during the rally.\n\n\n\n\n\n\n\n\n\n\n\n\nIn the past, upward moves in the price have generally only been sustainable when demand has simultaneously risen in the spot and futures markets. From the chart, it’s apparent that both the bull rallies in 2024 and the run in 2025 involved this green setup. Since the recent recovery surge was only fueled by speculative activity, it may not be surprising that it couldn’t last, and a sharp reversal has followed for the market.\nThe shift of winds in the Bitcoin sector has not only involved the total demand flipping into the negative, but it has also led to a turnaround in direction for speculative activity that has aligned it with the spot market’s trend of contraction. Currently, the 30-day change in the total demand is sitting at a negative value of 501,000 BTC, which is the lowest that the metric has hit since May 2022. “Bitcoin demand is contracting at a pace comparable to the post-Terra/Luna collapse period,” noted the analyst.\n\n\n\n\n\n\n\n\n\n\n\n\nRelated Reading: Premier League Crypto Sponsors Under Fire In UK Regulatory Warning\nThe Terra/LUNA collapse was a violent event that occurred during the 2022 bear market. During the event, UST, an algorithmic stablecoin, lost its $1 peg and caused the Terra ecosystem to destabilize into a death spiral, ultimately triggering a crash in the wider sector.\nBack then, the contraction in spot and futures demand reached the -559,000 BTC mark. The current value of the indicator is still not there, but if the market continues in this trajectory, it’s possible that demand could flow out of the market at a similar rate. It only remains to be seen, though, how the Bitcoin sector will develop in the near future.\nBTC Price\nFollowing the price crash, Bitcoin has dropped to the $63,200 level, the lowest that the asset has been since February.\n\nLooks like the price of the coin has been declining recently | Source: BTCUSDT on TradingView\nFeatured image from Dall-E, chart from TradingView.com\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641114552","isCrawlerRequest":true}