{"id":70678,"date":"2026-02-03T21:01:39","date_gmt":"2026-02-03T21:01:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70678"},"modified":"2026-02-03T21:01:39","modified_gmt":"2026-02-03T21:01:39","slug":"bitcoin-slips-deeper-into-correction-with-spot-demand-drying-up-what-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70678","title":{"rendered":"Bitcoin Slips Deeper Into Correction With Spot Demand Drying Up \u2013 What To Know"},"content":{"rendered":"
\n

After losing the $80,000 price mark<\/a>, the price of Bitcoin has made several attempts to recover this level, but each one was capped by this resistance zone, which was once a key support. Interestingly, this continued bearish pressure is beginning to reflect on multiple crucial areas of the market, such as Spot trading.<\/p>\n

Lack Of Spot Bitcoin Buyers Extends<\/h2>\n

The broader cryptocurrency market was left in awe when the Bitcoin price experienced a sharp pullback during the weekend. Even after a strong decline, the ongoing correction is showing signs of becoming more entrenched, as evidenced by weak spot trading.<\/p>\n

A glimpse into research<\/a> from Darkfost, a popular market expert and author at CryptoQuant, shows that spot demand is steadily drying up. This suggests that fewer buyers are choosing to enter the market to absorb sell-side pressure, leaving BTC\u2019s price highly vulnerable to even modest outflows.<\/p>\n

In addition to the fading spot demand<\/a>, the market is set to enter into its fifth consecutive month of downside pressure. Since fewer buyers have entered the spot market, selling activity has had a disproportionate effect on price, which in turn is extending the decline.<\/p>\n

\"Bitcoin\"<\/p>\n

Darkfost highlighted that this correction has been largely driven by the October 10th, 2025, event. During the period, there has been a massive destruction of liquidity, particularly in the Futures market. In a single day, BTC\u2019s Open Interest (OI)<\/a> fell by more than 70,000 BTC, representing over $8 billion wiped out. However, the expert stated that this is not the only factor at play.<\/p>\n

The chart shows that overall market liquidity is also under pressure, which is indicated by stablecoin outflows from crypto exchanges. At the same time, there was a roughly $10 billion decline in stablecoin market capitalization over the period. However, developments in spot market volumes are as instructive.<\/p>\n

Spot Trading Volume Slips Into Two After Fresh Decline<\/h2>\n

Since October 2025, about half of Bitcoin\u2019s entire spot volume has gone, with Binance<\/a>, the leading crypto platform, still holding the largest share at $104 billion. In contrast, volumes on Binance had almost hit $200 billion in October, against the $53 billion on Gate.io and $47 billion on Bybit.<\/p>\n

According to Darkfost, the market<\/a> has returned to some of its lowest levels since 2024 as a result of this volume decrease. Meanwhile, this suggests a definite disengagement from investors in the crypto market and, consequently, weaker demand.<\/p>\n

In the meantime, the current state of the environment remains uncertain and does not encourage investors to take risks. For a sustainable recovery to take place, the expert noted that it is vital to persistently monitor this trend and, above all, to see spot trading volumes <\/a>return to the upside.\u00a0<\/p>\n

At the time of writing, the price of BTC was $78,640, up nearly 3% in the last 24 hours. Its trading volume is moving in the opposite direction, falling by over 16% in the past day.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

After losing the $80,000 price mark, the price of Bitcoin has made several attempts to recover this level, but each one was capped by this resistance zone, which was once a key support. Interestingly, this continued bearish pressure is beginning to reflect on multiple crucial areas of the market, such as Spot trading. Lack Of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70678","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70678"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70678\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}