Bitcoin apparent demand has remained negative for 208 consecutive days.

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Mars Finance News, June 26 — According to analyst alicharts, Bitcoin's apparent demand has remained negative for 208 consecutive days, recently dropping to -273,000 BTC, indicating that the accumulation phase has stalled for 7 months. The apparent demand indicator measures spot actual demand by comparing the newly issued Bitcoin from miners with the flow of existing inventory; a negative value reflects that old coin supply is entering the market faster than buying can absorb. When apparent demand is negative, it means a large amount of old supply is entering circulation at a faster rate than the spot market can absorb. This mismatch indicates that selling pressure exceeds new capital inflows, creating heavy upward resistance on price.
BTC-3.27%
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