Data shows that the metric has now risen well above zero, which suggests a growing demand among investors. Darkfost noted that demand is still clearly positive, as evidenced by the 160,000 BTC that has been accumulated over the last 30 days.
The next key metric examined by the market expert is the Bitcoin Demand from Accumulator Addresses. Specifically, this measure monitors wallet addresses that have solely purchased BTC without selling any, providing insights about demand and holding conviction.
Presently, the expert highlighted that the number of Bitcoins held by OTC desks has steadily declined significantly. Data shows that there are 145,000 BTC available today on OTC desks, compared to roughly 550,000 BTC in September 2021.
Even though demand in the long term has dropped sharply, Darkfost claims that the overall picture remains positive. In the meantime, demand-side indicators show no signs of concern despite recent price volatility.
