Analyst: Spot demand for Bitcoin remains weak; a modest price pullback to seek buyers cannot be ruled out
BIBIBI
AT A GLANCE
The analyst said that Bitcoin's apparent demand remains negative but has improved, and believes that the price may pull back modestly to seek buyers.
Article
Analyst: Spot demand for Bitcoin remains weak; a modest price pullback to seek buyers cannot be ruled out
BlockBeats reports,October 1, CryptoQuant analyst Darkfost wrote that Bitcoin's apparent demand is currently -112,500 BTC, and remains clearly negative, indicating that spot demand remains weak. However, compared with September 20's -207,000 BTC, the indicator has improved. During this period,ETF accumulated approximately 28,000 BTC, supporting the improvement in demand.
Darkfost believes that against this backdrop, a modest Bitcoin pullback to seek actual buyers cannot be ruled out. He explained that apparent demand here is calculated as the difference between newly issued BTC supply and the supply that has remained inactive for more than 1 years, and is used to estimate whether structural accumulation is sufficient to absorb the new supply generated by the Bitcoin network.
Original link https://m.theblockbeats.info/flash/369880
Key points
01
CryptoQuant analyst Darkfost said that Bitcoin's apparent demand is currently -112,500 BTC。
02
The original text states that this indicator has improved from September 20's -207,000 BTC.
03
The original text states that during this period,ETF accumulated approximately 28,000.BTC。
04
Darkfost believes that a modest Bitcoin pullback to seek actual buyers cannot be ruled out.
05
The original text explains apparent demand as the difference between newly issued BTC supply and the supply that has remained inactive for more than 1 years.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This “apparent demand” indicator attempts to determine whether new buying pressure can absorb new supply. The current figure remains negative. According to the analyst, spot demand remains weak; however, the negative value has narrowed, indicating that the indicator has improved from before. A modest price pullback is merely one possibility raised by the analyst and has not already occurred.
Why it matters to readers
If new demand is insufficient to absorb new supply, Bitcoin's price may lack sufficient buyer support; subsequent changes in this indicator and whether ETF continues to accumulate may become areas to watch for changes in demand.
Beginners should view this content as a market assessment by a single analyst based on a specific indicator and should not interpret “may pull back” as a definitive price forecast.
Risks and unknowns
The data and calculation results in the article were not accompanied by independent verification materials.
The article did not specify the name or accumulation statistics scope of the ETF referred to.
Whether Bitcoin will pull back modestly and whether actual buyers will emerge after the pullback cannot yet be confirmed.
The article does not explain whether the apparent demand indicator can fully reflect actual spot demand.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
