BlockBeats News, August 21st. Cryptocurrency analyst Darkfost posted an article stating that Bitcoin's 2026 on-chain net demand reached a record high of 25,000 BTC, indicating that actual spot buying exceeded newly mined coins, showcasing a market where buyer strength outweighs supply.

On-chain net demand is calculated as the daily block subsidy reduction minus the daily change in supply inactive for over a year, aiming to assess whether structural accumulation can effectively absorb new supply.