🤑 Bitcoin’s Demand Drama: Is the Bear Growling Again? 🐻

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Well, bless my stars and garters, the head honcho of research at that fancy on-chain analytics outfit, CryptoQuant, has gone and stirred the pot. Seems he’s got a bee in his bonnet about Bitcoin cycles, reckoning it’s all about demand, not price. Who’d have thunk it? 🤔

Bitcoin’s Demand Takin’ a Tumble Lately 🌊

In a fresh squawk on X, CryptoQuant’s bigwig, Julio Moreno, spilled the beans on Bitcoin cycles from a fresh angle. “Folks are all het up about price,” he drawled, “when they oughta be keepin’ their peepers on demand.” Wise words, or just another yarn? 🤠

This fella’s been sizin’ up “demand” with his Apparent Demand doodad, which stacks the daily miner issuance against the shifts in the 1-year snoozin’ supply. Miner issuance, mind you, is the gold these digital prospectors are diggin’ up daily. And that snoozin’ supply? That’s the stash sittin’ pretty, gatherin’ dust. 🏦

So, this Apparent Demand gizmo is like comparin’ apples to oranges, or rather, production to inventory. Below’s the chart Moreno flashed, showin’ the twists and turns of the 30-day and 1-year Apparent Demand over the past decade. 📉

Plain as the nose on your face, the last few Bitcoin hoedowns turned sour when Apparent Demand took a nosedive into the red, both monthly and yearly. This time ’round, the 30-day demand’s already in the red, and the yearly’s slidin’ faster than a greased pig. 🐖

If history’s any judge, this here demand picture’s lookin’ about as cheerful as a wet firecracker. But whether the yearly demand’ll belly flop into the red or bounce back like a rubber ball, well, that’s anyone’s guess. 🎢

And let’s not forget, spot demand ain’t the only game in town anymore. Them exchange-traded funds (ETFs) have brought some fresh blood into the mix. But even there, Glassnode’s been chirpin’ that the 30-day netflow’s been in the red, meanin’ demand’s as quiet as a church mouse. 🏛️

BTC Price: Stuck Like a Duck in the Mud 🦆

Bitcoin’s been sittin’ pretty around the $88,000 mark, consolidatin’ like it’s got all the time in the world. Whether it’s waitin’ for demand to wake up or just catchin’ its breath, only the shadow knows. 🌫️

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2026-01-02 03:06