Wu Blockchain (@WuBlockchain): CryptoQuant data shows that as of the end of March, apparent demand for Bitcoin (a measure of change in demand relative to new production) was negativ…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-85Negative
CryptoQuant data shows that as of the end of March, apparent demand for Bitcoin (a measure of change in demand relative to new production) was negative by approximately 63,000 coins, meaning that new demand was insufficient to offset selling by existing holders. The report states that retail and other market participants sold more than institutional investors bought; whale addresses have shifted from continuous accumulation to net selling, and selling has accelerated since the fourth quarter of 2025. Demand from US investors also weakened, and the Coinbase premium turned negative again.