According to Wu Blockchain, CryptoQuant community analyst MorenoDV has analyzed that Bitcoin's apparent demand is improving. After a significant contraction in demand during May–June this year, the subsequent negative demand lows have gradually risen, indicating that the market's supply-demand imbalance is easing. However, the recently positive apparent demand intensity is only comparable to the mild rebound phases of early 2024 and remains significantly lower than the demand expansion levels seen during the major rallies in late 2024 and 2025. MorenoDV believes that Bitcoin is currently transitioning from demand contraction to demand stabilization, but sustained growth will still require stronger and more consistent capital demand and liquidity support. https://(wublock123.com)/news/bitcoin-demand-shifts-from-contraction-to-stabilization-not-yet-expanding-68246