Bitcoin demand gauge sinks to worst level since December as spot buying weakens
CoinDesk
Bitcoin's price recovery lacks sufficient spot market demand, causing a key CryptoQuant gauge to hit its lowest level since December.Summary
Bitcoin's recent price rebound is facing sustainability concerns as the CryptoQuant 30-day apparent demand metric has dropped to -147,000 BTC, its weakest level since December. This negative reading indicates that market supply is outpacing on-chain absorption. Analysts note that the current rally is largely driven by futures market activity rather than stable spot buying, which is often more prone to volatility. While the lack of immediate spot demand does not guarantee a price drop, it suggests that the market remains vulnerable and dependent on new buyer interest to sustain levels above the $70,000 short-term support zone.
(Source：CoinDesk)