CryptoQuant cited its demand indicator, which tracks the difference between the daily total bitcoin block rewards and the daily change in the number of bitcoin that has not moved in one year or more. Bitcoin rewards earned by miners are typically sold to cover operations, but an increase in selling from large holders indicates a waning demand for the asset.
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Shaurya Malwa
https://www.coindesk.com/markets/2024/08/21/bitcoin-metrics-signal-weak-demand-as-btc-etf-hype-slows-cryptoquant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-08-21 10:17:58
