$BTC Apparent demand has stayed negative for almost the entire year.



The dynamic remains unchanged and perfectly illustrates the current weakness in Bitcoin demand.

Today the market is seeing a slight improvement, helping BTC consolidate at these levels.

On June 3rd, demand hit a record negative for the year at -275,000 BTC. Today we’re at -75,000, which is an improvement worth noting, though a real improvement would be seeing this demand move back into positive territory on a sustained basis.

⌈In this context, Apparent Demand is calculated as the difference between new BTC issuance and the amount of supply that has remained inactive for more than one year. In other words, this metric helps estimate whether structural accumulation is strong enough to absorb the new supply created by the network.
BTC0.44%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
WaitingForConfirmationUnderThe
· 48m ago
This indicator is quite interesting: new coin issuance vs. large holders' positions untouched for a year. Right now, selling pressure clearly outweighs absorption.
View OriginalReply0
OutsiderOfZhiyuandao
· 1h ago
Wait until this apparent demand stays positive for several consecutive weeks before calling it a bull market. Right now it's just falling a bit slower.
View OriginalReply0
GateUser-53a6e1a8
· 1h ago
-75k Although it has recovered, the fundamentals of negative demand throughout the year have not changed, the real reversal depends on whether it can continue to turn positive.
View OriginalReply0
  • Pinned