Bitcoin, the leading asset of the cryptocurrency market, has finally passed a critical threshold that investors have been waiting for a long time. According to the current on-chain data shared by CryptoQuant, the apparent demand of the leading asset has moved into the positive zone for the first time after a full three-month break. This activity, which gained momentum as of mid-February, proves that the selling pressure in the market has decreased and buyer appetite has revived.
Details of the Critical Break in Bitcoin Demand
The long-standing uncertainty in the cryptocurrency ecosystem has been replaced by a concrete signal of recovery. When the 30-day total apparent demand data is examined, it is seen that the negative trend that has been ongoing since December ended with the second week of February. In particular, the positive demand increase of +1200 BTC reflected in the data dated February 16 is considered the clearest indicator that corporate and individual investors have entered the accumulation phase again.
This metric, which measures market depth, is calculated based on daily block rewards and the daily change in inactive supply for a year. Fluctuations and sharp retreats seen in price charts in recent months caused demand to remain constantly in the negative. However, the latest data reveals that with the Bitcoin price trying to hold around the $ 65,000 band, buy orders have intensified and the liquidity flow in the market has changed direction.
This explosion in demand is interpreted as not only an expectation of a price increase, but also a renewal of long-term investors’ confidence in Bitcoin. While chart data shows that negative demand columns are gradually being replaced by the green zone, the speed of this change triggers optimism in the market. Investors began to consider this increase, which came after three months of stagnation, as a leading signal of a new bull run.
Effects on Price Movements and Market Expectations
During the painful process in which the Bitcoin price dropped from $ 70,000 to the $ 60,000 limit, the jump in demand data to the positive zone is also reflected on the technical analysis side. The apparent increase in demand indicates that fresh capital entering the market has begun to balance the amount of assets leaving the exchanges or held in wallets. Analysts predict that the persistence of demand at these levels could completely eliminate the downward pressure on the price.
The narrowing of the gap between the 30-day simple moving average and the market price on the chart symbolizes that the buying appetite is not just an instant reaction, but has spread to a wider base. Especially the recovery phase observed since the beginning of February proves that Bitcoin is resilient despite macroeconomic uncertainties. The +1200 BTC net demand increase experienced during this period underlines that the supply-demand balance in the market has begun to deteriorate in favor of buyers.
The sustainability of this demand in the coming days will be the main factor that will determine whether Bitcoin will test its peak levels again. In the crypto asset world, such a turn of data generally indicates periods when major players are quietly taking positions. Therefore, breaking the three-month negative cycle seems to have opened the doors of a new era for digital gold.
