The post Bitcoin Apparent Demand Turns Negative as Market Faces New Pressure appeared on BitcoinEthereumNews.com.

Bitcoin’s Apparent Demand has turned negative as new buyers fail to absorb pressure from miners and long-term holders. Selling by long-term holders suggests a weakening market and potential short-term vulnerability. In the past few days, there has been a pretty glaring warning from on-chain analysis shared by CryptoQuant’s Crazzyblockk. He revealed that Apparent Demand for Bitcoin has returned to negative. What does that mean? Demand from new buyers is unable to withstand the supply pressure coming from two sides at once: miners who continue to release new coins, and long-term holders (LTHs) who are starting to cash out their old deposits. Source: CryptoQuant This condition puts the market in a vulnerable situation. When coins from two main sources continue to flow into the market and are not balanced by new purchases, selling pressure builds up. If we compare it, it’s like a supermarket with an abundance of goods, but fewer buyers. What happens next is usually not good news. Interestingly, this drop in demand is not the only signal that has made many market players wary. Bitcoin Derivatives Activity Also Slow Data from CoinGlass shows a marked shift in Bitcoin derivatives activity in the last 24 hours. Futures trading volume plunged by 58.14%, leaving a transaction value of around $21.71 billion. This is a sign that market players seem to be taking a step back, perhaps considering their next move, or waiting for a clearer signal. Source: CoinGlass However, while the volume dropped drastically, the total Open Interest actually rose slightly by 0.17% to $71.54 billion. What does it mean? Traders have not closed their positions, both optimistic and pessimistic. Market expectations are still divided, and many choose to hold on while waiting for the wind to turn. Furthermore, Bitcoin options volume also fell sharply. The 59.05% drop saw it shrink…

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Filed under: News - @ June 29, 2025 12:10 pm