🚨 Bitcoin ($BTC) Apparent Demand is showing early signs of stabilization after an extended period of negative readings over the past 30 days.

Historically, sustained negative Apparent Demand signals that newly supplied coins exceed the market's absorption capacity. This often coincides with distribution phases, post-rally cooling, or broader macro-driven risk-off environments.

This dynamic was clearly visible in recent months, where demand struggled to keep pace with available supply despite Bitcoin's price resilience.

The current stabilization suggests a potential shift. This indicates an improved market capacity to absorb supply and could signal a move past the intense distribution phase.