# Demand Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Demand", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Glassnode: Bitcoin Recovery Continues, But This Key Signal is Missing!

Glassnode reports that Bitcoin's recovery continues but lacks a key signal. While the price has stabilized around $65,000 after rebounding from June lows near $58,000, the firm characterizes the market outlook as a "transitional recovery." Despite stable prices below $66,000 and a return to neutral momentum, overall exchange trading volume remains low. Analysts note this divergence suggests a gradual demand increase rather than widespread speculative frenzy. In derivatives markets, perp futures buying activity has surged, yet open interest and funding rates remain moderate, indicating controlled leverage. Options market skew has narrowed, showing reduced demand for downside protection. A key positive signal is robust institutional demand, with regulated Bitcoin investment products seeing significant net inflows. Blockchain data also shows an increase in "hot capital" and a rising ratio of short-term to long-term holder supply, signaling price-sensitive capital is re-entering the market. However, key on-chain metrics have not recovered. Active addresses, blockchain transaction volume, and fee revenue remain near lower statistical bounds, indicating low organic network demand and a lack of urgency among investors. Overall network profitability has seen only minor improvement, with realized losses still exceeding profits. Glassnode concludes that while institutional inflows, spot/futures demand, and reduced defensive positioning are positive, low spot liquidity and weak on-chain activity indicate the recovery hasn't yet broadened into a full bull phase. A sustained break above $66,000 is seen as a critical level to watch for confirming a stronger upward trend.

cryptonews.ru58m ago

Glassnode: Bitcoin Recovery Continues, But This Key Signal is Missing!

cryptonews.ru58m ago

Bloomberg: Gold Rises to Six-Week High

Gold prices surged 2.8% to $4,213 per ounce, reaching a six-week high since June 22. The rally is primarily driven by sustained demand from China, where gold-backed exchange-traded funds (ETFs) have seen 14 consecutive days of inflows. Despite a record monthly outflow from global gold ETFs in June, Chinese gold ETFs have attracted 40 billion yuan ($5.6 billion) year-to-date, marking the second-highest first-half inflow on record. Increased participation from institutional investors in these Chinese ETFs is supporting demand. Analysts attribute the strong interest to rising geopolitical and economic uncertainty, further bolstered by the People's Bank of China's continuous gold purchases, which totaled 82 tonnes in the 20 months leading up to June. This central bank activity is positively influencing market sentiment.

cryptonews.ru08/06 11:25

Bloomberg: Gold Rises to Six-Week High

cryptonews.ru08/06 11:25

Bitcoin trades around $64,000 per coin on Wednesday

Bitcoin is trading around $64,000 per coin on Wednesday, maintaining its dominant position in the crypto market with an estimated 60-70% share. The article details the basics of Bitcoin, noting its 2009 creation by Satoshi Nakamoto and its capped supply of 21 million coins. It also provides an overview of the broader cryptocurrency market, reporting a total market capitalization exceeding $3.2 trillion and mentioning price movements for Ether and Ripple. Major assets by trading volume and market cap are listed, including Bitcoin, Ethereum, USDT, Solana, BNB Chain, and Dogecoin. Key factors driving the high volatility and rapid price changes in crypto are explained, such as the balance of supply and demand, limited issuance, liquidity, news, regulatory developments, and mining costs. The decentralized blockchain technology underpinning Bitcoin is briefly described, along with the role of miners in confirming transactions and securing the network. The summary concludes by attributing Bitcoin's significant price swings to its decentralized nature, lack of a single regulator, market sentiment, and speculative demand, noting that even major assets remain sensitive to news.

cryptonews.ru08/06 11:00

Bitcoin trades around $64,000 per coin on Wednesday

cryptonews.ru08/06 11:00

Tether Surpassed Kazakhstan in Gold Purchases in the First Half of 2026

Tether, the company behind the USDT stablecoin, announced in August 2026 that its physical gold reserves had reached approximately 150 tonnes. In the first half of 2026 alone, it purchased 27.1 tonnes. According to the company's comparison with World Gold Council data, this purchasing volume would rank it third globally for the period, behind only Poland and China and surpassing Kazakhstan. Part of the total reserves (about 22 tonnes) backs the XAU₮ token (Tether Gold). Demand for XAU₮ grew by nearly 9.5% in Q2 2026, equivalent to an additional 1.66 tonnes of physical gold, despite a decline in the gold price that quarter. Tether's strategy represents a diversification of its reserves beyond US dollars and treasuries and strengthens its position in the tokenized commodities market. While comparing its purchases to central bank activity is partly a marketing move, the scale—tens of tonnes per half-year—shows it operates at volumes comparable to some nations. The growth in XAU₮ demand during a price correction suggests some investors view tokenized gold as a portfolio diversification tool independent of short-term price movements. This occurs within a broader trend of record central bank gold buying in Q2 2026.

cryptonews.ru08/04 09:44

Tether Surpassed Kazakhstan in Gold Purchases in the First Half of 2026

cryptonews.ru08/04 09:44

It was revealed that 92.7% of institutional bitcoin (BTC) reserves are held by companies based in the USA

Institutional Bitcoin reserves held by publicly traded companies are overwhelmingly concentrated in the US, according to data from Unfolded. US-based firms hold 1.24 million BTC, accounting for a staggering 92.7% of the global total held by such entities. Over the past 12 months, these companies added 510,000 BTC to their portfolios, a purchasing rate that vastly outpaced new supply. Their acquisitions were more than triple the number of new BTC mined during the same period, significantly impacting the asset's supply dynamics. This trend, heavily influenced by firms like MicroStrategy, reflects a growing institutional adoption of Bitcoin as a long-term reserve asset across sectors like energy, technology, and finance. Analysts warn this sustained institutional demand, especially after the upcoming halving which will reduce new supply, could further strain the supply-demand balance and influence long-term price trends.

cryptonews.ru07/31 09:43

It was revealed that 92.7% of institutional bitcoin (BTC) reserves are held by companies based in the USA

cryptonews.ru07/31 09:43

According to analysts from the blockchain analysis platform CryptoQuant, a significant bullish signal is being observed in Bitcoin! Here are the details

According to analysis from blockchain data platform CryptoQuant, the share of short-term speculative activity in Bitcoin's realized market cap has dropped to 23.5%, reaching its lowest level in recent years. Conversely, the share held by long-term investors has risen to 52.5%, nearing the historical peak of 55% from 2018. CryptoQuant analyst Axel Adler Jr. highlighted a significant structural shift where Bitcoin is moving from short-term to long-term holders. He notes this indicates reduced speculative activity and a supply concentration in "strong hands." However, Adler cautions that this pattern is not automatically a bullish signal. He states that without a significant recovery in demand, low trading activity could persist, and prices may remain under pressure, drawing parallels to the bear market bottom period of 2022-2023.

cryptonews.ru07/31 09:00

According to analysts from the blockchain analysis platform CryptoQuant, a significant bullish signal is being observed in Bitcoin! Here are the details

cryptonews.ru07/31 09:00

Central Bank Gold Purchases Increased by 62% to 288.9 Tons in the Second Quarter

Institutional investors significantly increased gold purchases in Q2 2026, achieving a quarterly record. According to the World Gold Council (WGC), central bank net buying surged to 288.9 tons, a 62% rise from Q2 2025 (177.9 tons). This represents a sharp recovery from the revised net accumulation of just 57 tons in Q1. The recovery was driven by increased buying from Poland's National Bank and the People's Bank of China, coupled with reduced selling from Turkey and Russia. The National Bank of Poland was the largest buyer in Q2, purchasing 51 tons to progress toward its 700-ton national reserve target. The People's Bank of China made its largest purchases since Q4 2023, raising its official reserves to 2,346 tons, with reports suggesting additional undeclared accumulation. Uzbekistan, Kazakhstan, Jordan, and the Czech Republic also contributed to the demand. Conversely, the Bank of Russia was the largest seller in Q2 at 22 tons, reportedly to cover a federal budget deficit, while Turkey slowed its selling pace. Despite the strong Q2, total central bank demand for 2026 fell to a low of 345 tons due to significant sales from Turkey, Russia, and Azerbaijan earlier in the year. A WGC survey indicates continued momentum, with 89% of central bank respondents expecting to increase gold reserves over the next 12 months.

cryptonews.ru07/31 05:36

Central Bank Gold Purchases Increased by 62% to 288.9 Tons in the Second Quarter

cryptonews.ru07/31 05:36

SemiAnalysis on the Epic Plunge: It's Not Over Yet

SemiAnalysis Weekly discusses the recent sharp correction in the semiconductor market after a historic first half. Analysts Doug O'Loughlin and Dylan note that despite healthy fundamentals, markets like South Korea's KOSPI have plunged 40%, wiping out leveraged retail investors. A core debate focuses on AI demand versus supply constraints. Dylan cites SemiAnalysis's internal use of AI coding agents, leading to a 100x increase in AI spending, as evidence of powerful demand. Doug agrees demand is strong but questions its exact magnitude, calling it a "trillion-dollar question." His primary concern is physical and financial bottlenecks: a shortage of 100,000 electricians in the US, massive $450B in corporate debt issuance by hyperscalers (funded by a shrinking pension pool), and labor/scale limits in regions like Taiwan, where TSMC constitutes 20% of GDP. The conversation covers market dynamics, including the typical semiconductor cycle where over-ordering leads to crashes, China's growing memory capacity, and the potential for older chips like the H100 to lose value as models scale. Politically, AI is seen as a likely scapegoat in upcoming elections, though not a top-tier voter priority. The analysts conclude that while the long-term potential is significant, the scaling path is narrowing. The challenge is matching exponential compute demands with real-world constraints on capital, labor, and permits, risking scenarios where massive investment outpaces near-term revenue generation.

marsbit07/30 09:46

SemiAnalysis on the Epic Plunge: It's Not Over Yet

marsbit07/30 09:46

Top 10% of American Households Capture 88% of Wealth, How Is the AI Era Cake Divided?

AI Worsens Wealth Inequality as Top 10% of US Families Garner 88% of Stock Gains (2019-2026) A report from the China Finance 40 Forum highlights that the AI boom is significantly widening wealth inequality in the United States. From 2019 to Q1 2026, wealth from directly held stocks by US households nearly doubled from $29 trillion to approximately $55 trillion, with rapid growth concentrated post-2023, coinciding with the AI-driven stock market surge. The distribution of these gains has been starkly uneven. Between 2022 and Q1 2026, the wealth increase of about $21 trillion was captured almost entirely by the wealthiest families: the top 10% secured roughly 88% ($18.5 trillion), while the bottom 50% received only about 1% ($0.2 trillion). This has contributed to a growing disparity in disposable income shares. The report, referencing economic historian Robert Allen, draws parallels to historical technological shifts like the "Engels' Pause" during the First Industrial Revolution, where worker wages stagnated despite productivity gains. It suggests AI could induce a similar period where capital收益 outpace labor income, exacerbating inequality. Huang Yiping of Peking University identifies four mechanisms through which AI impacts income distribution: capital-bias (reducing labor's income share), task polarization (hollowing out middle-skill jobs), skill-based digital divides, and wealth amplification through assets. He warns that if this trend continues, strong supply growth driven by AI could be undermined by persistently weak consumer demand, threatening sustainable economic growth. To address these challenges, the report proposes a three-pronged strategy: 1) Defensive measures like strengthening social safety nets and antitrust enforcement; 2) Empowering workers through education reform and lifelong learning to collaborate with AI; and 3) Rebalancing via policies such as potential taxes on AI超额收益 and mechanisms for broader sharing of technology's benefits, ensuring AI's红利 are more equitably distributed.

marsbit07/30 00:56

Top 10% of American Households Capture 88% of Wealth, How Is the AI Era Cake Divided?

marsbit07/30 00:56

ChangXin Technology: A Cyclical Stock Standing Atop the Cycle Peak

Changxin Technology: A Cyclical Stock at the Peak On July 27, 2026, Changxin Technology topped the A-share market with a market capitalization of 3.28 trillion yuan, surging 465% on its first trading day. The company, which lost 16.3 billion yuan in 2023, reported an estimated net profit of 50-57 billion yuan for the first half of 2026. Its dramatic reversal mirrors the volatile DRAM (Dynamic Random Access Memory) cycle. The DRAM industry is inherently cyclical, with booms and busts every 3-4 years. This is due to product standardization and a significant time lag in supply adjustment. When prices rise, manufacturers expand capacity, but new production takes 2-3 years to come online, often leading to oversupply and price crashes when demand cools. Changxin's performance perfectly tracks this cycle. It recorded deep losses in 2023-2024 during the industry downturn, turned its first annual profit in 2025, and saw profits skyrocket in Q1 2026. This surge is primarily price-driven. The AI boom has led major players like Samsung and SK Hynix to shift 70-80% of new capacity to high-margin HBM (High Bandwidth Memory), creating a severe shortage and price explosion in general-purpose DRAM markets where Changxin competes. However, a massive global capacity expansion is underway. The top three manufacturers have announced nearly $70 billion in capital expenditure for 2026. Changxin itself plans to expand from three to seven 12-inch wafer fabs. This investment will translate into significant new supply in 2-3 years. While DRAM prices are expected to remain high through 2026-2027, price growth is already slowing, and a potential downturn is forecast for around 2028 as new capacity ramps up. A key challenge for Changxin is catching up in the critical HBM segment. While it has delivered HBM3 samples, leaders are already mass-producing more advanced HBM3E. Success in HBM is crucial for gaining true cyclical resilience. In conclusion, Changxin is a commendable company that has broken foreign monopolies in DRAM. Its long-term growth narrative—driven by import substitution and AI—is valid. Yet, its current valuation of 5-6x forward P/E, typical for a cyclical stock at its peak, suggests much future growth is already priced in. AI may extend the current cycle but cannot eliminate the industry's inherent volatility. For investors, the critical question is preparedness for the inevitable downturn when the cycle turns.

marsbit07/29 03:06

ChangXin Technology: A Cyclical Stock Standing Atop the Cycle Peak

marsbit07/29 03:06

活动图片

Indepth Researchright-arrow

Market Analysisright-arrow