Bitcoin's apparent demand has hit a new high since the start of this year, entering a phase of supply shortage.

44 minutes ago

Crypto analyst Darkfost noted in a post that Bitcoin’s 2026 apparent demand reached a record 25,000 coins, signaling that actual spot buying volume outpaces newly mined Bitcoin, with market buying strength exceeding supply. Apparent demand is defined as daily block subsidies minus the daily change in supply that has remained unused for over a year, a metric used to gauge whether structural accumulation can effectively absorb new supply.

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