Bitcoin demand lags despite $275B inflows - But 2 factors can save BTCs rally
Bitcoin Bitcoin demand lags despite $275B inflows – But 2 factors can save BTCs rally After months of subdued activity, Bitcoin posted its first monthly close in nine months in April, with inflows reaching $275 billion—the highest level since August 2025. Despite this surge, questions around the rallys sustainability persist. Early bullish signals are emerging, but they have yet to translate into confirmed demand strength. Demand lags behind price momentum Data from CryptoQuant shows that Bitcoin has gained roughly 30% since February, reflecting a clear recovery in price. However, underlying demand conditions remain insufficient to confirm the start of a full bull cycle. This assessment hinges on the Bitcoin Apparent Demand Growth metric, which evaluates whether the market is experiencing sustained accumulation. The indicator measures the gap between newly issued Bitcoin and the portion of supply that remains inactive. Source: CryptoQuant That gap remains negative at approximately 44,700 BTC, signaling that demand has yet to absorb new supply. Until this metric flips into positive territory, claims of a confirmed bull run remain premature. Still, the trend shows improvement. The deficit has narrowed from around 89,000 BTC at the start of April, suggesting that accumulation is gradually increasing. For now, however, demand continues to lag behind price action. A durable bullish