Bitcoin Rebound Driven by Liquidity Contraction as Demand Indicators Remain Negative

Bitcoin price recovery to $64,600 lacks new demand support. On-chain data shows negative Demand/Supply Ratio and Coin Age Net Flow, indicating liquidity contraction rather than fresh buying interest.

Woofun AI data shows that Bitcoin's recent price movement to $64,600 is underpinned by liquidity supply contraction rather than emerging demand. The Demand/Supply Ratio stands at -5.43, while the Coin Age Net Flow registers -85,500 BTC, reflecting that 85,500 BTC shifted to long-term holders over the past 30 days. Both metrics remain in negative territory despite recovering from July lows, signaling that young coin depletion continues to outpace new issuance.