Bitcoin Demand Could Be In Early Stages Of Recovery, CryptoQuant Head Explains Why
Summary
The Head of Research at CryptoQuant discussed the early signs of recovery in Bitcoin demand, using the "Apparent Demand" metric. This metric subtracts the change in 1-year inactive supply from the daily block subsidy to estimate current demand. The chart shared by the Head of Research shows a recent positive trend in the Bitcoin Apparent Demand, indicating a potential recovery in demand. This recovery coincides with a notable rally in Bitcoin's price from $54,000 to just under $68,000.
