Bitcoin statistics point to weak demand, reflects increased selling amid weeks of muted price action. CryptoQuant’s demand indicator, which tracks the difference between daily total bitcoin block rewards and the daily change in the number of bitcoins, hasn’t changed in a year or more. Inflows into spot bitcoin ETFs have also slowed from a monthly pace of 6% in March to just 1% now, CryptoQuant said. Still, a few metrics have remained strong. Long-term holders — or wallets that hold the asset for more than six months — have continued to accumulate bitcoin at “unprecedented levels,” with the total balance hitting a record high monthly rate of 391,000 BTC earlier this week.