CryptoQuant Research Director: “Bitcoin Demand Recent Surge… 6-Month High”

Presentation of BTC demand indicators... "Imbalance between selling and buying is alleviated"

Julio Moreno, head of Crypto Quant Research, pointed out through his X account on the 13th that BTC's market demand has reached its highest level since April, suggesting that BTC may soon enter a bullish phase.

Moreno said "BTC demand seems to be recovering" and "demand is increasing at the fastest pace since April 22 this year."

The BTC demand indicator presented by Moreno compares the number of BTCs held in wallets for more than a year and the daily trading volume of BTC, and represents the demand for BTC.

According to the BTC demand indicator data presented by Moreno, the BTC demand graph showed a sharp decline in April and has been on a downward trend, but has surged since October.

Moreno explained that "it is true that BTC selling is still higher than buying, but the imbalance between selling and buying has been alleviated recently."

Reporter Kwon Seung-won ksw@