Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted. By Shaurya Malwa Aug 21, 2024 at 12:17 p.m. Demand metrics using on-chain patterns and holding behavior show weakening sentiment for bitcoin (BTC), drawing bearish views to the largest token amid weeks of sideways price action. “Apparent demand