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Bitcoin's spot demand turns positive for first time since February, signaling renewed institutional interest.

Market News
18 Aug 2026
Crypto Briefing
View Source
Bullish
Bitcoin's spot demand turns positive for first time since February, signaling renewed institutional interest.

Bitcoin's on-chain demand metric, CryptoQuant's "apparent demand," has turned positive for the first time since February 2026, reaching about +25,000 BTC. This shift follows six months of negative readings, with a low of -147,000 BTC in May when prices hovered around $60,000. The positive demand is driven largely by institutional investors, evidenced by over $52 billion in cumulative net inflows into US Bitcoin ETFs by mid-August 2026, including a notable single-day inflow of $297.5 million. While this positive reading suggests renewed buying pressure and could ease miner selling, sustained ETF inflows will be key to maintaining upward momentum in Bitcoin prices.

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