- Bitcoin’s Apparent Demand rebounds sharply, signaling real capital rotation back into BTC.
- Spot Bitcoin ETFs see $2.5 billion inflows, reinforcing growing institutional accumulation.
- Analysts expect Bitcoin to challenge $90,000 soon as on-chain metrics turn strongly bullish.
Bitcoin’s market sentiment has shifted dramatically as a key on-chain indicator, the Apparent Demand, signals a sharp resurgence in buying activity. Following weeks of declining interest, Bitcoin’s demand metrics have rebounded forcefully, aligning with its recent price recovery above $87,000.
IT Tech, an analyst from CryptoQuant, are increasingly optimistic that renewed capital inflows could propel Bitcoin past the $90,000 mark soon. This recovery, supported by strong on-chain signals, suggests the momentum is no longer purely speculative but firmly grounded in actual investment behavior.
Apparent Demand Indicator: Bitcoin Buying Interest Rebounds Sharply
— CryptoQuant.com (@cryptoquant_com) April 26, 2025
“A strong bounce from extreme negative values (below -200K BTC) suggests that previously dormant capital is rotating back in.” – By @IT_Tech_PL pic.twitter.com/F7pqdAoqml
Apparent Demand Shows Strong Recovery
The Apparent Demand metric, which tracks net changes in Bitcoin’s one-year inactive supply adjusted by daily block rewards, has turned positive. For several weeks, this indicator had stayed deep in the negative, falling below -200,000 BTC.
Such negative values indicated a decline in investor enthusiasm. However, a strong reversal has recently taken place. Significantly, IT Tech noted that this positive shift marks the first such recovery since February.
Besides, this bounce has come alongside increasing spot Bitcoin ETF inflows and steady accumulation by long-term holders. Data from SoSoValue highlights five consecutive days of net positive inflows into US spot BTC ETFs.
These inflows, totaling over $2.5 billion, further validate the strengthening demand. Consequently, the cumulative net inflows now stand at a massive $38.05 billion, underlining growing institutional interest.
Analysts See Strong Upside Potential
According to IT Tech’s analysis, historical patterns reveal that sharp reversals in Apparent Demand often precede major price rallies. Moreover, these trends tend to establish durable support levels during uptrends. Hence, if the current trajectory continues, Bitcoin could find enough momentum to test and even surpass the $90,000 threshold shortly.
Additionally, the present rally is notable for its organic nature. Unlike previous speculative surges, this move appears rooted in real demand growth.
This is further evidenced by significant wallet accumulation and ongoing exchange outflows. With Bitcoin currently priced at $94,209, representing a 10.46% gain over the past week, market conditions seem primed for further gains.
