Bitcoin Demand Momentum Yet To Recover From Deep Negative Zone, Analyst Says
Despite Bitcoin (BTC) gaining notable traction over the past week – rising from approximately $85,000 on April 21 to nearly $95,000 today – the top cryptocurrency’s Demand Momentum remains significantly subdued, signalling caution among investors. Bitcoin Demand Momentum Continues To Be In Negative Zone According to a recent CryptoQuant Quicktake post by analyst Crazzyblockk, Bitcoin’s 30-day Demand Momentum is still firmly in negative territory. Currently, the 30-day Demand Momentum stands at around -483,860 BTC, while the 30-day Simple Moving Average (SMA) of the same metric....
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On-chain data shows the Bitcoin Apparent Demand metric has been recovering recently, but a trend of reversal hasn’t been confirmed yet. Bitcoin Apparent Demand Rising, But Still Remains Negative In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Apparent Demand of Bitcoin. The “Apparent Demand” here refers to an […]