Research Says Bitcoin Demand Remains “Intact” Despite Sell-Off

[chainsniff]

Despite recent volatility, new research from forex and CFD provider IG suggests Bitcoin’s underlying demand remains strong. According to the report, Monday’s rebound indicates that longer-term investors are stepping in to absorb supply at lower price levels.

IG argues that the recent sell-off reflects macro-driven positioning and sentiment shifts rather than a structural breakdown in Bitcoin’s market outlook. This buying interest helped stabilize prices, even as broader risk assets struggled.

Looking ahead, IG identified resistance near $94,000 and $100,000, while stressing that holding above $86,000 remains critical if downside pressure returns.

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glad someone is pointing out it’s not a structural breakdown, too many people freak out at every little dip