CryptoQuant： Bitcoin demand has been continuously weakening since December last year

CryptoQuant, an on chain analysis platform, tweeted that it is witnessing the weakest period of Bitcoin demand this year. Compare the new supply with the supply that has been idle for over a year to understand the current demand dynamics. When the ratio is below 0, it indicates that demand has become negative, which means that the number of actively acquired bitcoins has decreased. It can be seen that demand has been weakening since December and continues to decline over time. This indicates that amidst ongoing political and economic uncertainty, investors have become more cautious and may shift towards lower risk assets.