CryptoQuant: Bitcoin demand continues to weaken since December

PANews reported on March 15 that on-chain analytics platform CryptoQuant tweeted that it is witnessing the weakest Bitcoin demand this year. Compare new supply to supply that has been idle for more than a year to understand current demand dynamics. When this ratio is below 0, it indicates that the demand has become negative, which means that the number of bitcoins actively acquired is reduced. It can be seen that demand has been weakening since December and has continued to decline over time. This suggests that investors have become more cautious in the context of ongoing political and economic uncertainty, and may turn to less risky assets.