Bitcoin is experiencing its fifth consecutive month of price correction, marked by a significant decline in spot demand. Trading volumes have fallen to levels last seen in early 2024, indicating a sharp contraction in investor activity. This downturn suggests waning interest from both retail and institutional investors, who appear to be waiting on the sidelines amid uncertain market conditions. The drop in spot demand is a critical indicator of market disengagement, reflecting a lack of confidence in Bitcoin's price direction. Without a resurgence in demand, analysts warn that any sustainable upward momentum for Bitcoin remains unlikely in the short term. As the correction continues, the market remains in a low-activity phase, with key factors such as macroeconomic conditions and interest rate policies potentially influencing future movements.