'Clear Demand' For Bitcoin Strongly Rebounds – Will BTC Break Out Soon?

As Bitcoin gets closer to the psychological milestone of $100,000, several technical and on-chain indicators suggest a major breakout may be imminent. One such metric — Bitcoin’s Clear Demand — has shown a strong recovery, signaling renewed interest and sustained accumulation in the market. Bitcoin witnessed a strong recovery in clear demand. According to a recent post by CryptoQuant Quicktake, IT Tech collaborators have pointed out a significant increase in the clear demand for BTC. Notably, this important indicator has returned to positive territory after several consecutive weeks in negative territory. For those who are not aware, the clear demand for Bitcoin ( over the last 30 days ) measures the net accumulation demand for BTC over the past 30 days by tracking wallet accumulation and the outflow of funds from exchanges. A strong increase in this metric indicates strong and continuous buying pressure, which may suggest bullish sentiment and potential price increases. The following chart illustrates this recovery in the clear demand for Bitcoin, essentially reflecting the net changes in inactive supply over a year adjusted for daily block rewards – a metric designed to better illustrate the growth of organic demand.

Previously, this index had dropped sharply into negative territory – falling below -200,000 ( highlighted in red) – indicating that demand was decreasing. However, its recent reversal into positive territory signals that capital which had been stagnant for a long time is flowing back into the market. As noted in the post: This change in demand is closely related to the recent price recovery above $87,000, implying that this recovery is supported by actual on-chain behavior rather than pure speculative capital flow. This is the first time the Bridge index has shown a clear positive since February and aligns with the inflow of funds into Bitcoin spot exchange-traded funds (ETF), as well as the increasing Accumulation of long-term holders. Data from SoSoValue shows that spot BTC ETFs in the United States have recorded five consecutive days of positive net inflows, totaling more than $2.5 billion. Total cumulative net inflows into spot BTC ETFs are now an impressive $38.05 billion. Will the price of BTC rise again soon? IT Tech noted that past reversals of Apparent Demand often preceded significant price hikes or periods of strong price support. If the current trend continues, BTC may have the necessary momentum to challenge the $90,000 level in the near term. However, analysts warn that Bitcoin must hold the current support level at $91,500 to maintain its upward momentum. This level is particularly important as it is close to the actual price of short-term BTC holders, according to Crazzyblockk, a contributor to CryptoQuant.

In addition to this outlook, famous cryptocurrency analyst Rekt Capital emphasizes that Bitcoin needs to secure a weekly closing above $93,500 and reclaim this support level to establish a clear path to $100,000. At the time of the press release, BTC was trading at $94,492, up 2% in the last 24 hours.