The Apparent Demand metric for Bitcoin has reached its lowest level since the beginning of 2026, indicating a significant weakening of market demand. According to analysts, this metric has decreased to approximately -147,000 BTC, which is a record low for the current year. A similar level was last observed in December 2025.
This is reported by Business • Media
What is Apparent Demand and why is it important
CryptoQuant explained that the Apparent Demand metric measures the difference between new Bitcoin issuance and the volume of coins that remain inactive for over a year. Thus, this metric reflects the actual level of structural accumulation needed to absorb new coins in the market. Experts say that the current trend indicates a further decline in demand for Bitcoin.
Market risks and opportunities for investors
Analysts emphasize that without a recovery in spot demand, Bitcoin will struggle to maintain sustained price growth. Derivatives, such as futures, may stimulate short-term price movements; however, real demand in the spot market is necessary to establish a stable bullish phase. The lack of such demand creates risks for the further development of the market.
At the same time, experts point out that similar periods have historically opened up opportunities for long-term investors. Comparable market conditions in the past have often served as a starting point for strategic investments.
“Periods when demand sharply slows and sentiment becomes overly pessimistic are often the moments that deserve the most attention,” the experts concluded.
It is worth noting that previously, Bitcoin’s volatility fell to its lowest level in the last seven months, which also affects market activity.