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CryptoQuant founder: Apparent demand for Bitcoin is recovering

2024-10-15 06:47
Odaily News Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that the apparent demand for Bitcoin is recovering. Apparent demand is an on-chain indicator used to compare production and inventory changes. Specifically, Bitcoin's apparent demand measures the difference between BTC mining issuance and the supply of tokens that have been idle for more than a year. Ju emphasized that if the inventory reduction exceeds the production, it means that the apparent demand is growing.