Bitcoin apparent spot demand turns negative as retail sells rallies
CryptoQuant data shows Bitcoin’s apparent demand metric slipped back into negative territory around September 1, reversing a brief improvement during August, as retail investors sell into price rallies.
Bitcoin's apparent demand metric slipped back into negative territory around September 1, according to CryptoQuant data, ending a brief improvement during August. The reading suggests that existing Bitcoin supply flooding onto the market from dormant wallets is overwhelming new buying interest, a dynamic that points to retail selling rallies.