Cannot confirm that the market is shifting to a downtrend
According to the assessment of CryptoQuant CEO - Ki Young Ju
Bitcoin: Apparent Demand (30-day sum) can be understood as the displayed demand for Bitcoin over a 30-day period calculated based on changes in the supply of active $BTC.
This is an indicator measuring the amount of BTC moving in the market over the past 30 days.
- If this indicator is positive → Demand is high.
- If this indicator is negative → Many BTC are inactive, indicating weaker demand.
Ki Young Ju believes that "Demand for #bitcoin is stabilizing, but it cannot be confirmed that the market is shifting to a downtrend."
According to the assessment of CryptoQuant CEO - Ki Young Ju
Bitcoin: Apparent Demand (30-day sum) can be understood as the displayed demand for Bitcoin over a 30-day period calculated based on changes in the supply of active $BTC.
This is an indicator measuring the amount of BTC moving in the market over the past 30 days.
- If this indicator is positive → Demand is high.
- If this indicator is negative → Many BTC are inactive, indicating weaker demand.
Ki Young Ju believes that "Demand for #bitcoin is stabilizing, but it cannot be confirmed that the market is shifting to a downtrend."
17 days ago
