apparentdemand

📉 BTC Apparent Demand: 208 Days Negative — What This Actually Means
Bitcoin apparent demand measures the gap between newly issued BTC and supply that has remained inactive for more than one year. CoinGlass
208 days straight in negative territory. Combined spot and futures demand has fallen toward -650,000 BTC — a level only reached THREE times since 2019. Bitcoin Foundation

Simple explanation:
More BTC hitting the market than buyers absorbing it.

Miners selling. Long-term holders distributing. New buyers? Missing.

But here's the other side:
Historically, readings this extreme appeared before March 2020 crash AND 2022 bear market bottom — both were major turning points, not continuations. Bitcoin Foundation
The last time holder sentiment hit 0.82, BTC rallied 67% in 90 days. CoinGlass

My take:
208 days of negative demand = market exhaustion, not just weakness.
But exhaustion is also where bottoms form.
BTC at ~$59K. Apparent demand at historic lows. Fear & Greed at 28.
Smart money accumulates when retail panics. 👀
Capitulation or opportunity? Drop your take 👇

Not financial advice. DYOR.

Source: CryptoQuant, CoinDesk — June 2026
#Bitcoin #OnChain #ApparentDemand #Crypto #CoinbroNews $BTC