Despite fluctuations in Bitcoin's value, demand for the cryptocurrency remains robust
In the ever-evolving world of cryptocurrency, one digital asset continues to capture the attention of investors and analysts alike - Bitcoin. Recent analysis by market expert Darkfost reveals that demand for Bitcoin remains robust, despite a notable pullback to the $114,000 price mark.
Darkfost points to several key indicators supporting this assertion. For instance, institutional demand for Bitcoin has surged to 545,579 BTC in 2025, far outpacing the new supply of 97,082 BTC mined this year. This stark contrast, roughly a 5.6x ratio, signifies intense accumulation and reduced available supply, which in turn strengthens upward price pressure and value appreciation over time.
This institutional hoarding has also reduced liquidity, intensifying competition for existing BTC and reinforcing Bitcoin’s narrative as a scarce, store-of-value asset. This shortage dynamic is a crucial factor underpinning long-term bullish value forecasts.
Moreover, demand metrics such as increasing BTC holdings by institutional Exchange-Traded Funds (ETFs) and multiple companies initiating or expanding Bitcoin treasuries demonstrate growing strategic adoption rather than speculative trading. On-chain indicators also show a cooling of long-term holder selling pressure and healthy demand from new investor wallets, indicating a broadening base of long-term holders and a healthy accumulation trend supporting future price stability and growth.
Models incorporating network activity, like the Metcalfe Law Discount/Premium (MLDP) Z-Score, confirm that the market retains positive fundamentals reflecting strong utility and interest consistent with growing network value.
Price forecasts based on these metrics and historical fractals anticipate Bitcoin reaching between $130,000 and $150,000 by late 2025, with potential for even higher valuations in the medium to long term as adoption and constrained supply sustain upward momentum.
However, it's not just institutional investors driving demand. The Bitcoin Demand from Accumulator Addresses, a measure monitoring wallet addresses that have solely purchased BTC without selling any, has also been on the rise. Over the last 30 days, the average BTC purchased by these investors has grown by over 50,000 BTC, signaling a strong and sustained buying behavior from these investors within the time frame.
Despite a sharp drop in demand for BTC on Over-The-Counter (OTC) desks, with the number of Bitcoins held by these desks declining significantly from roughly 550,000 BTC in September 2021 to 145,000 BTC today, Darkfost maintains that the overall picture remains positive.
Volatility seems to be enhancing Bitcoin's allure as a decentralized, scarce asset in the cryptocurrency space. Even though short-term holders are selling at a loss amid ongoing price fluctuations, demand-side indicators show no signs of concern, suggesting that Bitcoin's demand remains firmly intact despite recent price volatility.
In summary, the correlation between high institutional and accumulator address demand with shrinking new supply and network growth metrics strongly supports Bitcoin’s long-term value potential, reinforcing its status as a strategically held scarce asset rather than a short-term speculative commodity.
Cryptocurrency investing continues to be fueled by demand for Bitcoin, with institutional investors acquiring significant amounts. In 2025, institutional demand reached 545,579 BTC, outpacing the new supply by a 5.6x ratio.
This technical analysis, combined with the growing strategic adoption of Bitcoin by institutional Exchange-Traded Funds (ETFs) and companies, suggests that Bitcoin's demand remains robust and may lead to future price stability and growth.
