[Analyst: Bitcoin Apparent Demand Has Been Negative Almost All Year, But Recently Improved] BlockBeats News, July 7 — CryptoQuant analyst Darkfost stated in a post that Bitcoin's apparent demand has been in the negative range for most of this year, reflecting weak market demand, which has been a key factor in Bitcoin's sustained price pressure. However, recent improvements in demand have helped BTC maintain a consolidation pattern within the current price range. On June 3, Bitcoin's apparent demand dropped to a yearly low of -275,000 BTC, but it has since rebounded to approximately -75,000 BTC. While the improvement is noteworthy, true demand recovery will require this indicator to consistently return to positive territory. He explained that the apparent demand indicator is calculated as the difference between "newly issued BTC" and "BTC supply that has remained unmoved for over a year." This metric can be used to assess whether the structural accumulation by long-term holders is sufficient to absorb the newly issued supply on the network. Currently, while long-term demand has shown some recovery, it has not yet reached the level needed to drive the market into a new upward trend. [Original Link]