Apparent demand rebounds strongly, igniting market enthusiasm
As Bitcoin (BTC) approaches the important psychological level of $100,000, both on-chain and technical indicators are singing bullish tunes. Among them, a key figure — Bitcoin's apparent demand has shown a significant rebound, indicating that market enthusiasm has rekindled and investors are continuously increasing their positions.
Apparent demand has turned positive again, accumulating explosive power
BTC's apparent demand has finally returned to positive territory after several weeks of sluggishness. Apparent demand (30-day sum) measures the true net buying demand for BTC over the past 30 days by tracking wallet net inflows and exchange outflows. Its surge indicates sustained buying pressure and reflects a shift in market sentiment from cold to hot.
Organic capital inflow, not just simple speculation
Data shows that BTC's apparent demand once fell below -200,000 (the red area in the chart), but has recently rebounded to positive values, indicating that long-term capital is returning.
As pointed out in the article, this wave of demand recovery coincides with BTC's price rebound above $87,000, validating that the upward momentum comes from real on-chain transactions rather than short-term speculation.
ETF funds surge, boosting demand recovery
Meanwhile, SoSoValue statistics show that the US spot BTC ETF has seen net inflows for five consecutive days, totaling over $2.5 billion, with cumulative net inflows reaching $38.05 billion. This capital trend further strengthens Bitcoin's medium-term upward momentum.
Short-term target set at $90,000, support level is crucial
IT Tech analysis states that historical experience shows that a reversal in apparent demand often heralds an upcoming price surge. If the current trend continues, BTC is expected to quickly challenge the $90,000 mark. However, CryptoQuant writer Crazzyblockk reminds us that the $91,500 support level is crucial — this is the core area for short-term holders to realize profits, and losing this level could weaken the upward structure.
Breakthrough $93,500, sprinting towards $100,000?
Well-known analyst Rekt Capital further emphasizes that if Bitcoin can close above $93,500 on a weekly basis, it will officially open the door to $100,000. As of the time of writing, BTC is quoted at $94,492, with a 24-hour increase of 2%, and market sentiment is rapidly warming.
