Apparent Demand
Bitcoin
Apparent Demand estimates net new demand as the change in held supply relative to new issuance.
Why it matters
It gauges whether buyers are absorbing more than miners are issuing.
How it is built
The change in long-held supply is compared against miner issuance over a trailing window.
What to watch
Positive apparent demand signals accumulation outpacing issuance, a bullish supply-demand backdrop.
Measured on this chain
Apparent Demand on Bitcoin last read -43.78 on Sep 24, 2026, a change of +69.9% over 30 days, ranging from -129,636.2 (Jun 3, 2026) to 325,248.75 (Nov 22, 2025).
- Latest reading
- -43.78
- Sep 24, 2026
- Change
- 1d -109.02%
- 30d +69.9%
- 90d +99.54%
- 1y -100.83%
- Range
- Low -129,636.2·Jun 3, 2026
- High 325,248.75·Nov 22, 2025
- Coverage
- Jul 17, 2024 — Sep 24, 2026
- 800 readings
| Date | Value |
|---|---|
| Sep 13, 2026 | -250.99 |
| Sep 14, 2026 | 1,375.48 |
| Sep 15, 2026 | -8,502.32 |
| Sep 16, 2026 | -7,003.21 |
| Sep 17, 2026 | -14,768.61 |
| Sep 18, 2026 | -6,318.43 |
| Sep 19, 2026 | -3,806.45 |
| Sep 20, 2026 | -7,236.2 |
| Sep 21, 2026 | 2,585.7 |
| Sep 22, 2026 | 7,148.24 |
| Sep 23, 2026 | 485.26 |
| Sep 24, 2026 | -43.78 |
Read from our own stored series, not quoted from a page.
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