Can Demand Levels Halt Bitcoin's Downward Spiral?

Bitcoin's recent rally to a new all-time high faces potential setbacks as exchange reserves continue to decline, indicating reduced supply. However, significant selling pressure at the $96,614.75 supply zone could lead to a price drop unless the demand zone at $93,578.96, with strong buy orders, holds firm. Retail investor interest is waning, as evidenced by a 35% drop in active addresses, which may further impact BTC's price stability.