Apparent demand for Bitcoin (BTC) has hit the lowest level in 2025, dropping down into negative territory, as traders and investors take a cautious approach to risk-on assets due to macroeconomic uncertainty.
According to CryptoQuant’s Bitcoin Apparent Demand metric, demand for Bitcoin has dropped down to a negative 142 on March 13.
Bitcoin’s apparent demand has been positive since September 2024, peaking around December 2024 before beginning the slow descent back down.
However, demand levels…
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