After weeks of negative movement, Bitcoin’s 30-day apparent demand has shifted to positive territory. This change signals a growing level of market confidence in the cryptocurrency. Analysts attribute this optimistic shift to increasing investor interest and confidence in Bitcoin’s short-term prospects. 30-day apparent demand is calculated by assessing on-chain activity such as new wallet creation, transaction volume, and general network usage. A rise typically signifies growing interest and confidence in the asset. The latest uptick suggests that market participants are regaining their faith in Bitcoin’s potential for price movement. The positive shift comes amidst a relatively stable price range for Bitcoin, indicating that investors may be positioning themselves before a possible price surge. It’s worth noting that demand trends like this don’t guarantee immediate price jumps but serve as foundational signals that the market is gearing up for a shift. [Link to relevant tweet]