Bitcoin demand is flashing a worrying signal as apparent demand approaches -147,000 BTC, according to a CryptoQuant analyst. This is the most bearish level reported since December 2025, suggesting that buyers are not absorbing supply strongly enough.
Apparent demand is often used to measure how much Bitcoin is being accumulated or distributed across the market. When the number turns deeply negative, it can show that selling pressure is stronger than fresh buying interest.
This weak Bitcoin demand reading comes after months of pressure in the crypto market. In late 2025, Bitcoin also faced heavy selling from long-term holders, while market sentiment turned more defensive.
For traders, the key concern is simple: if demand stays negative, Bitcoin may struggle to build a strong recovery. Even short-term rallies can fade quickly when spot demand is weak.
A move back into positive demand would be an important sign for bulls. It would suggest that buyers are returning and that supply is being absorbed again.
Until then, investors may remain careful. Bitcoin demand near -147,000 BTC does not confirm a crash by itself, but it does show that the market is still under pressure.


