**Bitcoin Demand Dips, But Holders Keep HODLing Strong 🚀**

- **Demand Downtrend**: Since April, Bitcoin demand has been on a rollercoaster ride, dropping from a 30-day growth of 496,000 BTC to a negative growth of 25,000 BTC, according to CryptoQuant.

- **Price Impact**: Bitcoin's price took a nosedive from $70,000 in April to $51,000 in August. Yet, it's still boasting a 33% return year-to-date.

- **Spot ETF Slump**: U.S. spot ETFs saw purchases plummet from 12,000 BTC in March to just 1,300 BTC in mid-August, further cooling demand.

- **HODLers to the Rescue**: Permanent BTC holders are seizing the dip, with their balances growing at a record-high rate of 391,000 BTC monthly.

- **Whale Watch**: Big players (1,000-10,000 BTC) are slowing down, with their holdings' growth rate dropping from 6% in February to 1% now.

Stay tuned for more crypto capers!