Odaily Planet Daily News CryptoQuant, a crypto analysis company, has released its latest report showing that Bitcoin demand indicators have slowed significantly since early April, and even fell to negative values ​​this month, raising concerns about the short-term prospects of Bitcoin. Despite the launch of several Bitcoin spot ETFs in January this year, their popularity is cooling down. Data shows that the average daily purchase volume of Bitcoin spot ETFs has plummeted from 12,500 in March (when the price of Bitcoin exceeded $70,000) to only 1,300 last week. Since its launch, Bitcoin ETFs have attracted $17.5 billion in net inflows, but the growth rate has slowed significantly. The growth of total holdings of large Bitcoin investors has also dropped from 6% per month in March to 1% at present. However, there are still positive factors in the market. Long-term holders (wallets that have held for more than six months) continue to accumulate Bitcoin at record levels, with their total balance hitting a monthly high of 391,000 BTC this week. Meanwhile, the total market capitalization of stablecoins climbed to a record high of $165 billion, which typically signals increased liquidity in the crypto market, which could spark price increases. (Coindesk)