Bitcoin market demand has improved noticeably in recent sessions, with spot demand continuing to recover, according to analyst Darkfost in a note cited by Odaily. Total Bitcoin demand has returned to positive territory and now stands above 14,000 BTC. Futures demand, meanwhile, has remained relatively steady, averaging about 32,000 BTC recently. Spot demand is still negative at roughly -17,000 BTC, but that marks a sharp improvement from -207,000 BTC on Sept. 20. Darkfost said the combination of falling Bitcoin prices and gradually recovering demand should be read as a constructive market signal. The update points to a shift in underlying demand conditions, even though spot demand has not yet fully turned positive.
Bitcoin market demand has improved noticeably in recent sessions, especially in the spot market, according to analyst Darkfost in a post cited by Odaily.
Total Bitcoin demand has returned to positive territory and is now above 14,000 BTC. Futures demand has stayed relatively stable, with a recent average of about 32,000 BTC. Spot demand is still negative at around -17,000 BTC, though that is a major improvement from -207,000 BTC recorded on Sept. 20.
Darkfost said the ongoing recovery in demand, even while Bitcoin's price is falling, is a positive signal for the market.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
