Bitcoin Rally Under Pressure as Apparent Demand Nears -147,000 BTC
Bitcoin's on-chain demand picture has deteriorated, with CryptoQuant analyst Darkfost saying the Apparent Demand gauge has slid to its most bearish reading of the year. The 30-day sum measure is nearing -147,000 BTC, which Darkfost said is the weakest level since early 2026. BTC was trading at $77,300 at press time.