Bitcoin has observed a rally beyond the $71,000 level during the past day as on-chain data shows demand for the coin has notably increased. Bitcoin Apparent Demand Has Spiked To Notable Positive Levels Recently As an analyst in a CryptoQuant Quicktake post explained, the demand for Bitcoin has appeared to be on the rise again recently. The on-chain metric of interest here is the “Apparent Demand,” which keeps track of the difference between the BTC production and the changes in its inventory. The only way to produce BTC is by adding…
