The visible demand for Bitcoin (BTC) has reached its lowest point in 2025, falling into negative territory as traders and investors adopt a cautious stance towards riskier assets amid ongoing macroeconomic concerns.
The Bitcoin Apparent Demand metric indicates that this demand has plummeted to a negative 142 as of March 13.
Since September 2024, Bitcoin’s apparent demand had remained positive, peaking around December 2024 before beginning its gradual decline.
Although demand stayed positive until early March 2025, it has since continued to decrease.
Concerns over a potential prolonged trade war, increasing geopolitical tensions, and persistently high inflation—despite signs of cooling—are pushing traders to favor safer investments like cash and government bonds rather than riskier options.
Bitcoin apparent demand.
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Crypto markets suffer amid economic unpredictability
The excitement following the recent elections has dwindled after mixed responses from investors towards the White House Crypto Summit held on March 7, bringing the focus back to the uncertainties of the economy and politics.
Despite lower-than-anticipated CPI inflation numbers released on March 12, Bitcoin’s price fell immediately after the announcement.
Crypto exchange-traded funds (ETFs) saw outflows for four consecutive weeks starting in February and continuing into early March as traditional investors sought refuge in more secure investments.
Recent reports indicate that outflows from crypto ETFs totaled $4.75 billion over the last month, with Bitcoin-focused investment vehicles experiencing $756 million in outflows to date this month.
Poor market sentiment and fears of an impending recession have sparked a wave of panic selling, leading to falling crypto prices.
Since the presidential inauguration on January 20, the Total3 Market Cap—representing the overall crypto market capitalization excluding Ether (ETH) and Bitcoin—has plummeted by more than 27%, dropping from over $1.1 trillion to around $795 billion.
Analysis of Bitcoin price action.
Similarly, Bitcoin’s price has dipped more than 22% from a high of over $109,000 to its current levels.
Bitcoin has remained below its 200-day exponential moving average (EMA) since March 9, with sporadic drops below this average occurring in February.
The Average True Range (ATR) for Bitcoin—a metric indicating volatility—currently exceeds 5,035, reflecting significant price fluctuations as the market deals with these macroeconomic factors.
Recently, a crypto analyst suggested that Bitcoin needs to close at a minimum of $89,000 on a weekly basis to avoid a potential further drop to $69,000.
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This article does not offer investment advice or recommendations. Every investment and trading action carries risk, and readers are encouraged to conduct their own research before making decisions.