CryptoQuant-linked data showed persistent negative apparent demand even as Bitcoin continued to hold key support areas, underscoring weak new buyer inflows without yet signaling an automatic price breakdown.
Bitcoin apparent demand has remained below zero for 208 consecutive days and stands around -273,000 BTC, according to CryptoQuant-linked data, highlighting weak new buyer inflows even as Bitcoin continues to defend key support zones. The measure tracks miners’ new BTC issuance against flows from existing holdings, and a negative reading indicates older coins are reaching the market faster than spot buying can absorb. That points to stalled accumulation and ongoing supply pressure, though the report cautions the metric should not be treated as an automatic signal of a price crash. The divergence between weak on-chain demand and resilient support levels leaves traders watching for confirmation from further on-chain data, exchange flows, wallet activity and broader liquidity conditions.