NewsBTC •
May 2, 2026 at 15:20 •
Analysis
The Bitcoin price had quite an interesting performance over the past week, cruising to a new high above the $79,000 high early on before crashing to as low as $75,500 on the last day of April. However, the premier cryptocurrency has had a somewhat bright start to May, hovering around the $78,000 level. While the subtle price action resurgence suggests improving market sentiment, on-chain data shows that current demand is still insufficient to fuel a full recovery for Bitcoin — and perhaps the rest of the crypto market. BTC Apparent Demand Improving, But Still Not Sufficient: Analyst In a recent Quicktake post on the CryptoQuant platform, pseudonymous analyst Darkfost stated that the underlying Bitcoin market demand has remained weak despite the price rebound over the...
