BTC demand exceeds new supply, hitting this year’s high: Darkfost

Bitcoin’s apparent demand has risen to 25,000 BTC, the highest level this year, on-chain analyst Darkfost said on X. Darkfost said the current upswing was encouraging because it was being supported by real spot demand, with buying demand now outpacing newly supplied BTC. Multiple indicators have also turned positive, Darkfost said, while adding that further confirmation is needed to determine whether the demand increase is temporary or sustainable. Darkfost explained that apparent demand is calculated using new BTC supply and changes in coins that have not moved for more than one year, which helps show how much long-term accumulation demand is absorbing newly released supply.