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.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$65,673.58
+1.68%
Ethereum
ETH
$2,610.99
+3.36%
Tether USDt
USDT
$0.9995
+0.02%
BNB
BNB
$585.86
+1.20%
Solana
SOL
$154.45
+1.46%
USDC
USDC
$0.9999
+0.00%
XRP
XRP
$0.5449
+1.35%
Dogecoin
DOGE
$0.1155
+2.93%
TRON
TRX
$0.1587
-0.85%
Cardano
ADA
$0.3602
+1.91%
Bitget pre-market
Buy or sell coins before they are listed, including SCR, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now