[Bitcoin Apparent Demand Has Remained Negative for 208 Consecutive Days] BlockBeats News, June 26: According to analyst alicharts, Bitcoin's apparent demand has remained negative for 208 consecutive days, recently dropping to -273,000 BTC, indicating that the accumulation phase has stalled for 7 months. The apparent demand metric measures actual spot demand by comparing newly issued Bitcoin by miners with the flow of existing inventory. A negative value reflects that the supply of older coins is entering the market faster than it is being absorbed by buyers. When apparent demand is negative, it means a large amount of old supply is circulating at a speed faster than the spot market can absorb. This mismatch indicates that selling pressure exceeds new capital inflows, creating significant overhead resistance on the price. [Original Link]