According to Odaily Planet Daily, cryptocurrency analysis company CryptoQuant said in a report on May 15 that although Bitcoin demand rebounded from the low point of the re-accumulation range, it was in "acceleration mode" again after a two-month downward trend. The agency said: "Bitcoin demand growth seems to be stabilizing after a deceleration trend since March. The growth of the total Bitcoin balance of permanent holders and large investors seems to be in acceleration mode again." However, CryptoQuant added that Bitcoin demand needs to accelerate further for this price increase to continue. It also pointed out that the Bitcoin balance on the OTC trading platform is low, which indicates that demand is strong and exceeds the existing supply.