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BTC Bitcoin demand indicator: confirmed to be positive or about to be positive?
There are differences from different sources as to whether CryptoQuant's "apparent demand" indicator has turned positive or is only close to this shift.
Consensus
This indicator is CryptoQuant's measure of "apparent demand" for Bitcoin. Both reports pointed out that this will be the first time the indicator has turned positive since February, and both linked the development to CryptoQuant.
bifurcation point
1. Whether positive values have been confirmed or still to be confirmed
A source stated that CryptoQuant confirmed a positive reading on August 18, the first time since February 2026 that the indicator has exceeded zero (apparent demand climbed to about +25,000 BTC). Another source said that according to a tweet from CryptoQuant, spot demand for Bitcoin is reportedly about to turn positive for the first time since February.
Rationale for Resolution: Need to check the apparent demand indicator dataset or dashboard readings released by CryptoQuant itself on the relevant date.
2. Whether specific numbers (current +25,000 BTC, low of-147,000 BTC) have been determined
A source noted that the indicator has climbed to around +25,000 BTC, the first positive reading in six months, and hit a low of around-147,000 BTC in May. Another source said the sluggish trading activity may reflect investors waiting for confirmation of a shift in demand.
Resolution basis: Need to consult CryptoQuant's on-chain apparent requirements data release or API data during the relevant period.
Conclusion
The identity of the indicator and its association with CryptoQuant can be regarded as confirmed, but specific numbers or statements that "a transformation has occurred" should not be regarded as conclusive until CryptoQuant's own data is verified.
