Apparent Demand for bitcoin has fallen to approximately -147,000 BTC▲$65,356.00. This is the lowest level since the start of 2026, according to CryptoQuant analysts.
Hot topic: Bitcoin Price Recovers, But Analyst Still Sees Risk of Drop Into $60Ks
What Indicator Shows?
Apparent Demand is calculated as the difference between new bitcoin (BTC) issuance and the volume of coins that have remained inactive for more than one year. The metric reflects how effectively the market absorbs fresh supply.
According to CryptoQuant, current readings indicate a notable weakening of structural demand. Analysts noted that without a recovery in spot market activity, bitcoin will struggle to maintain sustainable growth through derivatives alone. Futures can amplify short-term movements but do not create a stable foundation.
At the time of publication, bitcoin trades at approximately $77,600. Over the past 24 hours, the coin has gained modestly, up about 1.6%.
Experts emphasized that similar periods of low demand and pessimistic sentiment have historically served as entry points for long-term investors.
“When demand slows sharply and sentiment becomes overly negative, such moments deserve the most attention,” CryptoQuant noted.
Read more: Experts Warn — AI Is Accelerating the Quantum Threat to Crypto
Current Market Dynamics
At the time of writing, bitcoin trades in the $77K-78K range. The price has changed little over the past 24 hours. The Fear and Greed Index remains in fear territory.
Analysts note that the market is in a consolidation phase. Sustained growth will require stronger spot demand and capital inflows into ETFs. Without these factors, selling pressure could persist.
Ethereum Outlook
Ethereum (ETH) is showing weaker performance. CryptoQuant analysts confirmed a bearish breakdown of a triangular formation. The short-term moving average remains below the long-term moving average, indicating continued downward momentum.
At the time of publication, Ethereum’s price stands at approximately $2,100. Over the past 24 hours, the token has risen just 1.5%, but over longer timeframes it has shown negative results.
If the decline continues, the price could test support in the $1,350-1,725 range. Experts recommend closely monitoring trading volumes and inflows into Ethereum ETFs.
Learn more: Ethereum’s Glamsterdam — A Complete Guide to Ethereum’s Upcoming Upgrade
