CryptoQuant: Bitcoin Demand Drops to Its Lowest Level This Year



CryptoQuant analyst known as Darkfost published an analysis indicating that "apparent demand" for Bitcoin has reached one of its lowest levels this year, with estimates approaching -147,000 Bitcoins.

He added in a post on X platform that the last time such pessimism in market sentiment was recorded was in December 2025.

What is "apparent demand"?
It is an indicator that measures the difference between newly issued Bitcoin and the amount of Bitcoin that has not moved for over a year, used to understand the market's ability to absorb new supply through long-term accumulation.

What do the current data mean?

The current reading indicates that demand remains in a continuous decline, and without a significant recovery in spot demand, it becomes unlikely for Bitcoin to sustain a steady upward trend relying solely on momentum from futures markets.

Role of futures
Futures contribute to short-term price movements and increased volatility, while a sustainable upward trend usually depends on the influx of real liquidity from the spot market.

Market reading
This phase shows that periods of weak demand and declining sentiment often coincide with phases that long-term investors monitor for accumulation opportunities based on patience and strategy.

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