Bitcoin apparent demand remains negative, showing recent improvement.

Huoxing Finance reports that on July 7, CryptoQuant analyst Darkfost stated that Bitcoin’s apparent demand has remained nearly negative throughout this year, reflecting continued weak market demand—a key factor behind Bitcoin’s persistent price pressure. However, recent improvements in demand have helped BTC maintain consolidation within its current price range. On June 3, Bitcoin’s apparent demand dropped to its yearly low of -275,000 BTC, but has since recovered to approximately -75,000 BTC. While this improvement is notable, a true demand recovery requires the metric to return consistently to positive territory. He explained that the apparent demand metric is calculated as the difference between newly issued BTC and the supply of BTC that has not moved in over a year, serving as an indicator of whether long-term holders’ accumulation is sufficient to absorb new network supply. Currently, while long-term demand has shown signs of recovery, it has not yet reached a level capable of driving the market into a new upward trend.