According to online reports, Julio Moreno, director of research at CryptoQuant, said that demand for bitcoin is showing signs of cooling after an accelerated period of increase and the price approaches $112,000. Spot demand is still growing, but growth has slowed and is currently below historical trends. Bitcoin purchases by giant whales and ETFs have been halved. Demand from new investors is also declining. In the futures market, investors have recently chosen to take profits and began to establish new short positions. If demand continues to weaken, Bitcoin may find support around $92,000, which corresponds to traders 'actual cost prices on the chain and is a typical support area during bull markets. If this support fails, the next support level could be US$81,000, close to the bottom line of the actual cost price on the trader chain.