📊 CryptoQuant’s “Apparent Demand” metric tracks net changes in young BTC (coins moved within the past year) 🔍

⚪️ Positive = expanding active circulation
🔴 Negative = coins aging into long-term holding

Right now, the metric is still positive at 30,000 BTC, meaning demand expansion continues — but momentum is fading. 😳

👉 If it trends toward zero, it’ll signal cooling interest from new market participants.