Bitcoin's apparent demand has remained weak throughout the year, but has recently improved

CryptoQuant analyst Darkfost stated that the apparent demand for Bitcoin is almost in the negative range this year. On June 3rd, the apparent demand for Bitcoin dropped to its lowest point of the year at -275000 BTC, and has now rebounded to around -75000 BTC. This indicator is calculated by the difference between the newly issued BTC and the supply of BTC that has not been moved for over a year. Currently, long-term demand has not yet reached the level that drives the market up.