CryptoQuant analysts said that weakening demand, sluggish blockchain activity, and a lack of fund inflows into Cryptocurrency are factors that may drag down the price of BTC in the future. Under this downward pressure, the BTC price may further pullback to $86,000. According to CryptoQuant data, the demand for BTC has fallen from a peak of 279,000 BTC on December 4th last year to the current 70,000 BTC. In addition, the fund inflow of Spot BTC ETF has disappeared, and there has been a net outflow in the past two weeks. On the other hand, Stable Coin, as an encryption asset and an intermediary for the US dollar, has recently shown signs of weakness. Since mid-December, the 60-day average change in the market capitalization of the largest Stable Coin USDT has fallen by over 90% from over $20 billion to $1.5 billion, reflecting a sharp contraction in the demand for Stable Coin.