Bitcoin Demand Signals Plummet to Lowest Since 2022

CryptoQuant has expanded its API with 10 new endpoints focused on tracking Bitcoin demand signals. This move gives professional traders and institutional clients a direct pipeline into key data points for their models.

The new endpoints target demand-side dynamics, allowing users to programmatically track changes in Bitcoin buying pressure across spot and derivatives markets. Instead of manually checking dashboards, developers can now pull real-time demand data directly into their trading algorithms, risk models, or portfolio management systems.

The current state of the market is concerning, with total Bitcoin demand plummeting to -652K BTC in weekly contractions, its steepest decline since January 2022. This period precedes one of crypto's most brutal bear markets.

CryptoQuant CEO Ki Young Ju has highlighted a dangerous disconnect in the market structure this year. Bitcoin's price is being buoyed by futures-driven rallies, but underlying spot demand and apparent demand metrics show persistent weakness.