Bitcoin apparent demand reaches lowest point in 2025 — CryptoQuant

Apparent demand for Bitcoin (BTC) has hit the lowest level in 2025, dropping down into negative territory, as traders and investors take a cautious approach to risk-on assets due to macroeconomic uncertainty. According to CryptoQuant's Bitcoin Apparent Demand metric, demand for Bitcoin has dropped down to a negative 142 on March 13.Bitcoin's apparent demand has been positive since September 2024, peaking around December 2024 before beginning the slow descent back down.However, demand levels stay