Bitcoin Apparent Demand Weakens: Expansion Slows To 30K BTC
Bitcoin is once again under pressure after failing to sustain momentum above the $120,000 mark and now struggling to hold support near $115,000. The recent rejection from the $125,000 level has triggered heightened volatility, with selling pressure weighing on short-term market sentiment. Despite printing new all-time highs last week, BTC has quickly retraced, moving into […]
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On-chain data shows the Bitcoin Apparent Demand metric has been recovering recently, but a trend of reversal hasn’t been confirmed yet. Bitcoin Apparent Demand Rising, But Still Remains Negative In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Apparent Demand of Bitcoin. The “Apparent Demand” here refers to an […]
As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market. Bitcoin Sees Sharp Rebound In Apparent Demand According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending....
Bitcoin is trading below key weekly demand levels, forming new lows as market uncertainty continues to dominate. The ongoing correction has led to increased speculation about US trade war fears and potential obstacles for Bitcoin’s adoption as a US reserve asset. These macroeconomic concerns have added pressure to an already fragile crypto market, causing investors […]
Data shows the Bitcoin trading volume is now once again moving sideways at a low average value as activity on the network slows down to a crawl. Bitcoin Average Daily Trading Volume Returns Back To Below $4 Billion As per the latest weekly report from Arcane Research, the 7-day average BTC spot volume has once […]
Private keys and hardware sub-sectors will drive the BTC payment expansion as demand from banks and emerging economies continue to grow. The global Bitcoin (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, forecasted Allied Market Research in a report published on Oct. 24. According to the document, operational demand for efficiency and transparency in payments systems, along with data security services growth and a surge in demand for remittances....