Bitcoin Apparent Demand Plunges to Yearly Low, Analyst Says

CryptoQuant analyst Darkfost reports that Bitcoin’s Apparent Demand has dropped to its lowest level of the year, with an estimated reading of -147,000 BTC. This also represents the weakest level recorded since December 2025.

This metric is calculated by comparing newly issued Bitcoin with the supply that has remained inactive for more than a year. It is used to gauge whether long-term accumulation is strong enough to absorb the fresh supply entering the market.

Source: Darkfost