CryptoQuant analysts have reported a new wave of negative demand for Bitcoin, indicating increased pressure on the market for this cryptocurrency. According to their data, the metric “Apparent Demand,” which reflects the balance between new demand and the volume of coins entering the market, is again showing a negative value.
This is reported by Finway
Market Imbalance and Correction Risks
Experts emphasize that demand for Bitcoin is not keeping pace with the volume of new coins received by miners, as well as sales from long-term holders (LTH). As analysts note, this imbalance creates a vulnerable environment and increases the likelihood of price corrections in the market.
“Such an imbalance between supply and demand creates a risky environment with a high probability of short-term price correction and indicates underlying market weakness,” the analysts stated.
Supply Increases, Price Under Pressure
The growing share of coins that can be sold intensifies pressure on the price of Bitcoin. Experts point out the particular activity of long-term holders, often referred to as “smart money.” If they begin to actively sell their reserves, it may indicate that the market has reached a local price peak.
Analysts conclude that under current conditions, the Bitcoin market remains vulnerable to further price fluctuations. Potential future rallies may face obstacles in the form of oversupply, and support levels at critical points may be weaker than market participants expect.