Bitcoin Demand: Unwavering Strength Despite Market Turbulence

Key Points

1. Bitcoin demand is not only steady but actively growing, with conviction outweighing transient volatility, as highlighted by Darkfost's analysis.

2. Long-term holders (hodlers) are accumulating Bitcoin without selling, indicating strong investor conviction and contributing to the asset's health and growth.

3. OTC desk holdings of Bitcoin have sharply declined from ~550,000 BTC in September 2021 to ~145,000 BTC, signaling strong absorption by institutional and high-net-worth investors.

4. The convergence of consistent wallet accumulation and OTC desk draw-down points to robust underlying demand for Bitcoin, reinforcing its long-term bullish case.

5. Bitcoin's unique on-chain transparency allows for clear tracking of demand dynamics, distinguishing it from traditional assets and highlighting its enduring value proposition.