[BTC Net Demand Indicator Turns Negative Again, Price Faces Resistance at $77,000] Deep Tide TechFlow reports that on September 3, according to Cointelegraph data, Bitcoin's Apparent Demand indicator has once again turned negative, reflecting a further weakening of spot market buying power. Influenced by this cooling macro sentiment and prior capital outflows, the BTC price has been oscillating around the $77,000 level, briefly dipping to a local low of $76,400 during intraday trading before recovering back above $77,000. The earlier sell-off was primarily driven by significant capital outflows from U.S. Bitcoin spot ETFs, which recorded a net outflow of $236 million in the previous trading session. According to CryptoQuant's data analysis, the "Apparent Demand" indicator measures the difference between newly mined issuance and changes in dormant supply. When this value is positive, it indicates that the market is actively absorbing both new and old coins; when it turns negative, it suggests that more tokens are accelerating into long-term dormancy rather than being consumed through trading. This is considered a signal of weak demand in the spot market.