CryptoQuant Founder: The apparent demand for Bitcoin is recovering
Bitget2024/10/15 06:57
CryptoQuant founder and CEO Ki Young Ju posted on platform X, stating that the apparent demand for Bitcoin is recovering. Apparent demand is an on-chain indicator used to compare output and inventory changes. Specifically, Bitcoin's apparent demand measures the difference between BTC mining issuance and the supply of tokens idle for over a year. Ju emphasized that if the decrease in inventory exceeds production, it indicates that apparent demand is growing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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