Bitcoin's apparent demand has remained negative for 208 consecutive days.
2026.06.26 14:46:17
According to analyst Alicharts, Bitcoin's apparent demand has remained negative for 208 consecutive days, recently falling to -273,000 BTC, indicating its accumulation phase has stalled for seven months. The apparent demand metric gauges actual spot demand by comparing newly issued Bitcoin from miners to flows of existing inventory; a negative value means older coin supply is entering the market faster than buying absorption. When apparent demand is negative, it signals a large volume of old supply is entering circulation at a quicker rate than the spot market can absorb. This mismatch shows selling pressure exceeds new capital inflows, creating heavy upside resistance for Bitcoin's price.
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