CryptoQuant, an on-chain analytics platform, has tweeted that it is witnessing the weakest period of demand for Bitcoin this year. Compare the new supply to the supply that has been sitting idle for more than a year to get an idea of the current demand dynamics. When the ratio falls below 0, it indicates that demand has turned negative, which means there are fewer bitcoins actively acquired. It can be seen that demand has been weakening since December and has continued to decline over time. This suggests that investors have become more cautious and may move towards less risky assets amid ongoing political and economic uncertainty.