After several weeks of persistent negative values, Bitcoin’s Apparent Demand (30-day sum) has flipped aggressively upward, signaling a clear resurgence in demand.
What the chart shows:
The Apparent Demand metric captures net changes in 1-year inactive supply adjusted by daily block rewards, acting as a proxy for demand strength.
A strong bounce from extreme negative values (below -200K BTC) suggests that previously dormant capital is rotating back in.
The demand pivot is closely aligned with the recent price rebound above $87K, implying this recovery is underpinned by real on-chain behavior rather than purely speculative flows.
Key Takeaways:
This is the first major positive shift in demand since February, aligning with increased ETF inflows and long-term holder accumulation.
Historically, similar reversals in Apparent Demand have preceded broader rallies or at least durable support levels forming.
This recovery provides on-chain confirmation that capital rotation may be back on track.
Outlook:
If the apparent demand trend continues to increase in the coming days, it will strongly support the bullish thesis and provide additional fuel for BTC to test the $90K+ range in the near term.
