CryptoQuant analyst Darkfost stated that Bitcoin's apparent demand has remained negative for almost the entire year, indicating that the current structural demand for BTC is still weak. On June 3, this indicator once dropped to a year-to-date low of -275k BTC, and has now recovered to approximately -75k BTC. The short-term improvement has helped BTC stabilize within the current range. Darkfost pointed out that true demand recovery still requires this indicator to return to positive territory consistently.

BTC0.74%
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