Bitcoin Demand Surpasses 25,000 BTC, Reaches Highest Level This Year

Bitcoin (BTC) on-chain demand has exceeded 25,000 BTC, marking the highest level recorded in 2026. The key point of confirmation is whether spot demand is absorbing new supply. According to Darkfost, an on-chain analyst, Bitcoin on-chain demand continues to rise and has currently surpassed 25,000 BTC. The market's upward momentum is supported by actual spot demand, interpreted as a healthy market flow where buying demand exceeds the network's new supply. On-chain demand is calculated by comparing the new issuance of Bitcoin with the supply that has not moved for more than a year, and it is used to assess whether the accumulation of long-term holdings is sufficient to absorb new supply. This increase in figures reaffirms the improvement in demand following the on-chain demand indicator for Bitcoin turning positive for the first time since February. However, on-chain demand is more of a supplementary indicator for observing structural supply and demand, making it difficult to determine price direction based solely on one on-chain indicator. Darkfost stated that continuous observation of related indicators is necessary to confirm the sustainability of the trend. The key question moving forward is whether on-chain demand can maintain its positive status and continue to absorb new supply.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.