BTC Rally Coming?

Bitcoin's **Apparent Demand (30-day total)**—a metric tracking wallet accumulation and exchange outflows—offers a snapshot of BTC’s net demand over the past month. A notable rise in this indicator signals sustained buying pressure, often a precursor to price surges.

The latest chart reveals a **rebound in Apparent Demand**, factoring in net changes from one-year inactive supply and adjusting for daily block rewards—highlighting true organic demand. After previously dipping below **-200,000** (a bearish signal marked in red), the metric has now reversed, suggesting dormant capital is re-entering the market.

This demand shift aligns with Bitcoin’s price recovery above **$87K**, hinting at a rally powered by real on-chain activity—not just speculation.

Notably, this is the **first positive Apparent Demand reading since February**, coinciding with rising inflows into spot Bitcoin ETFs and increased accumulation by long-term holders. According to **So Value**, U.S.-based spot BTC ETFs have recorded **five consecutive days of net positive inflows**, totaling **$2.5 billion**, with cumulative net inflows now reaching **$38.05 billion**.

**A Rally Ahead?**

Historically, reversals in Apparent Demand have often come before major rallies or strong price support. If the trend holds, BTC could soon test the **$90,000** mark.

However, analysts caution that **$91,500** is a key support level to watch—close to the realized price of short-term holders. Crypto

Quant, emphasizes this level's importance in sustaining upward momentum.

Adding to the bullish case, **Rekt Capital** points out that a **weekly close above $93,500**—and holding it as support—could pave the way to **$100,000**. At the time of writing, BTC is trading at **$94,492**, up **2% in the past 24 hours.

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