TLDR:
- Apparent demand remains positive as 160K Bitcoin moved into long-term storage in 30 days.
- Wallets that only buy Bitcoin added nearly 50K BTC this past month, signaling steady conviction.
- OTC desk balances fell from 550K BTC in 2021 to 145K BTC, reducing liquid supply.
- Resistance sits at $116,300, while key support remains near $112,600, per analyst Zen.
Bitcoin’s price keeps sliding, but demand refuses to back down. Traders are watching closely as the market holds above $112K.
Many short-term holders now sit on losses, unsure whether to sell or wait. Yet the data shows steady buying. Demand signals across the board remain clear and strong.
Bitcoin Apparent Demand Stays Positive
Darkfost noted that “apparent demand,” measured by comparing new BTC issuance with inactive supply, continues to show strength.
Over the past 30 days, around 160,000 BTC shifted into long-term storage. When this ratio stays above zero, demand is viewed as positive. That’s exactly where it is today.
✅ Demand is still here !
Some investors are probably starting to worry given the recent price drop, especially STH who are now either forced to realize losses or hold underwater positions.
To assess whether the situation could worsen significantly, analyzing current demand is… pic.twitter.com/7Plxruc9nl— Darkfost (@Darkfost_Coc) August 3, 2025
This trend matters because it reflects actual conviction in the market. Even as prices dipped, coins kept moving from exchanges into wallets built for holding. That has historically pointed to stronger support levels during pullbacks.
Another demand indicator follows addresses that only buy Bitcoin without selling. Darkfost shared that these wallets added nearly 50,000 BTC in the past month. This activity signals that dedicated buyers are not slowing down.
These addresses often represent investors with a longer outlook. They tend to buy quietly while prices stay soft, building a base for the next move. Their steady buying has provided a floor during this recent drop.
OTC Desk Balances Keep Falling
Demand isn’t limited to on-chain activity. Darkfost also highlighted a long-term decline in Bitcoin held on over-the-counter desks. As of 2021, OTC desks held approximately 550,000 BTC. That number has now dropped to roughly 145,000 BTC.
This shrinking supply suggests that large buyers have been removing Bitcoin from these off-market venues. While this shift doesn’t always move the price right away, it limits available supply over time.
Meanwhile, analyst Zen mapped out the price zones traders are watching. Resistance sits near $116,300, while key support rests at $112,600. Zen expects Bitcoin to test both zones in the coming days.
📉 Bitcoin Daily 📈
🎯 Key Levels to Watch:
• Above: 115400 / 116300 / 117216
• Below: 113200 / 112600 / 111555🔥 BTC Liquidation Heatmap:
• Above: 115132 / 116300 / 119050
• Below: 112545 / 111713 / 109785$BTC nailed the short-term forecast, bouncing to 116k and dipping… https://t.co/TEnXZCiAsu pic.twitter.com/UIFnNLHE3F— Zen (@WiseAnalyze) August 4, 2025
Bitcoin trades at $114,372, according to CoinGecko. Trading volumes have eased, showing less short-term activity. Still, demand data paints a steady picture, even as price pressure tests the nerves of some holders.
If demand keeps climbing, Bitcoin could hold firm against deeper losses. For now, the market watches $112K closely.
