On the 1st, CryptoQuant analyst Darkfost posted on X that Bitcoin's (BTC) 'Apparent Demand' is at negative 112,500 BTC. From this figure, he analyzes that the spot demand is 'still too weak.'
Apparent demand is an indicator calculated from the difference between newly issued BTC and the supply that has not moved for over a year. The accumulation through long-term holding is new...