Bitcoin Apparent Demand Remains Weak — What This Says About Price Recovery
The Bitcoin price had quite an interesting performance over the past week, cruising to a new high above the $79,000 high early on before crashing to as low as $75,500 on the last day of April. However, the premier cryptocurrency has had a somewhat bright start to May, hovering around the $78,000 level. While the subtle price action resurgence suggests improving market sentiment, on-chain data shows that current demand is still insufficient to fuel a full recovery for Bitcoin — and perhaps the rest of the crypto market. BTC Apparent Demand Improving, But Still Not Sufficient: Analyst In a....
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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 […]
On-chain data shows spot demand for Bitcoin is returning as the Apparent Demand metric has started to grow for the first time since late November. Bitcoin Apparent Demand Has Seen Its 30-Day Sum Turn Green In a new post on X, CryptoQuant head of research Julio Moreno has discussed the latest trend in the Apparent […]
Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 4.3% increase in the past 24 hours. This rebound has sparked renewed optimism among investors, who are now looking for signs of further momentum in the market. However, while Bitcoin is showing signs of a potential uptrend, on-chain data suggests that market demand remains weak, which could impact the sustainability of this rally. Related Reading: Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In? Bitcoin Demand Drops Despite Price Recovery Recent on-chain analysis by CryptoQuant....
As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market. Bitcoin Sees Sharp Rebound In Apparent Demand According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending....
CryptoQuant’s Network Activity Index for Bitcoin has been locked in a downtrend, suggesting that demand for using the blockchain remains weak. CryptoQuant’s Bitcoin Network Activity Index Has Been Cooling Off As highlighted by CryptoQuant community analyst Maartunn in an X post, Bitcoin on-chain activity has been cooling off recently. The indicator of relevance here is […]