CryptoQuant is issuing a cautionary warning regarding Bitcoin, with potential for the price to crash to $92,000. Demand metrics are showing concerning declines across critical indicators. Head of research Julio Moreno emphasizes that Bitcoin seems to have entered a “soft patch,” which could jeopardize the ongoing bull run. Demand growth has decreased alarmingly, dropping close to 50% from its peak in May. Investors should remain vigilant as these market signals could impact their strategies in the near future.