Bitcoin demand dynamics evolve, impacting market cycles

On November 18, Sentora (formerly IntoTheBlock) reported shifts in Bitcoin's cyclical behavior. Long-term holders, who traditionally accumulate during bear markets and sell in bull markets, have shown reduced activity in buying the dip during the current downturn. Institutional funds, structured products, and regulated investment tools are shaping the timing and nature of market demand. While cautious sentiment has recently dampened spot buying pressure, selling pressure has been evident over the past two weeks. Sentora noted that Bitcoin's bear market dynamics may increasingly depend on valuation, investment mandates, and risk frameworks rather than panic or euphoria.