ChainCatcher reported that crypto market analyst CW said demand-side indicators for Bitcoin remain constructive even as the asset’s price has fallen recently. According to CW, futures demand slipped slightly from the previous day, but the negative reading in spot demand narrowed, keeping overall demand in a relatively positive range. CW added that spot demand, which had remained in negative territory for an extended period, is now close to turning positive. In the analyst’s view, if spot demand moves into positive territory, Bitcoin could see stronger upward momentum. The comments focus on demand indicators rather than short-term price action and suggest that recent weakness in Bitcoin has not fully undermined broader demand conditions.
According to ChainCatcher, crypto market analyst CW said Bitcoin demand indicators are still showing a constructive trend despite the recent drop in the asset’s price.
CW wrote that futures demand edged down slightly from the previous day, while the negative reading in spot demand narrowed. That left overall demand in a relatively positive range.
The analyst also said spot demand, which had stayed in negative territory for some time, is now nearing a return to positive territory. If spot demand turns positive, CW said Bitcoin would gain stronger upside momentum.
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