- Recent data shows Bitcoin’s 30-day apparent demand increased which indicates that investors and new capital are returning to the market.
- Spot Bitcoin ETFs activity together with the increase in long-term holder accumulation bring about the biggest demand growth since February.
- Bitcoin works to restore its important $93,500 support level which would boost its journey towards reaching $100,000 while maintaining a bullish market framework.
Bitcoin’s market dynamics appear to be shifting, with a major demand indicator flashing a positive signal after weeks of decline. According to data from CryptoQuant, the 30-day apparent demand for Bitcoin has recently rebounded into positive territory, suggesting renewed capital inflow.
The indicator, which accounts for the net change in Bitcoin supply dormant for over a year and adjusts for daily block rewards, had previously dropped to extreme lows, registering a negative reading of around –200,000 BTC. This sharp turnaround comes as Bitcoin’s price climbed above the $87,000 mark, hinting at growing investor confidence.
Rising Bitcoin Demand Mirrors February Surge
Market analysts note that the recent uptick in demand aligns closely with increased activity around spot Bitcoin ETFs and steady accumulation by long-term holders.The current demand levels represent the largest increase since February. The trend demonstrates that investors beyond traditional circles are coming back to market, which introduces new capital just as Bitcoin stabilizes after its volatile period.
Historical patterns indicate that Bitcoin’s apparent demand reversals have typically led to substantial price rises or robust support formation before major upward movements. The current market trend continues to grow so it may indicate upcoming gains.
Bitcoin Demand Surge Signals Shift in Market Sentiment
If the apparent demand continues to strengthen over the coming days, market participants believe it could provide additional momentum to the ongoing bull trend. Observers point to the $90,000 level as a potential next target, contingent on sustained investor appetite and broader.
The shift in Bitcoin’s apparent demand highlights a potential change in market sentiment. With renewed interest from institutional products like ETFs and persistent accumulation from long-term holders, Bitcoin’s outlook appears more stable compared to earlier this year.
Bitcoin Eyes $100K Milestone as Re-Accumulation Patterns Strengthen
Further adding to this outlook, prominent crypto analyst Rekt Capital emphasized that Bitcoin needs to secure a weekly close above $93,500 and reclaim it as support in order to establish a clear path to $100,000. Bitcoin (BTC) appears to be replicating familiar re-accumulation behavior as it navigates a consolidation phase near $93,457.
Current technical patterns show BTC trading within a defined range, echoing historical setups that have previously led to significant upward movements.Despite some short-term volatility, the overall structure suggests strength. Bitcoin continues to form higher lows, reinforcing a broader bullish bias if support levels hold.
At press time, BTC traded at $94,698.72 up 2% in the last 24 hours showing increased positive market momentum.Bitcoin’s strengthening demand and positive technical structure suggest continued bullish momentum, positioning BTC for a potential move toward $100,000.
