Bitcoin's Apparent Demand metric flipped negative, signaling a decrease in BTC demand compared to miners' supply.

The drop comes as Strategy announced it purchased 4,980 BTC for $531.9 million, marking eleven weeks of consecutive BTC acquisition.

Bitcoin investment products recorded $2.2 billion in weekly inflows, stretching their cumulative inflows in 2025 to $14.9 billion

ENUFXStreet

Log in

Bitcoin demand drops despite Strategy's $530 million purchase and heavy inflows into BTC products

06/30/2025 20:40:26 GMT|ByMichael Ebiekutan

Bitcoin's Apparent Demand metric flipped negative, signaling a decrease in BTC demand compared to miners' supply.

The drop comes as Strategy announced it purchased 4,980 BTC for $531.9 million, marking eleven weeks of consecutive BTC acquisition.

Bitcoin investment products recorded $2.2 billion in weekly inflows, stretching their cumulative inflows in 2025 to $14.9 billion.

Bitcoin (BTC) trades above $107,000 on Monday as its Apparent Demand metric turned negative, highlighting waning buying pressure amid an increase in miners' supply. The drop in demand comes amid Strategy's (MSTR) continued BTC purchase, following the company's acquisition of 4,980 BTC for $531.9 million last week, which boosted its holdings near the 600,000 BTC milestone.

Bitcoin buying momentum fades amid rising institutional interest

Bitcoin's demand has slowed down in the past few days, following a shift in BTC's Apparent Demand metric to the negative side, according to a CryptoQuant report on Monday.

The Bitcoin Apparent Demand metric measures the difference between the amount of newly mined Bitcoin and the change in BTC's dormant supply. The decrease in this metric signals that new buyer demand for Bitcoin is yet to absorb the rising supply from miners and long-term holders' (LTHs) profit-taking.