BlockBeats reported on Aug. 25 that Bitcoin spot demand was largely unchanged from the previous day, while demand in the futures market continued to rise and added upward pressure to BTC prices. The analysis said whales are actively building BTC futures positions, and a larger rally could follow once that positioning is completed. It also said retail capital is expected to enter after an initial round of gains, which could then lift spot demand further and support a stronger advance. The report described the market as still being in the early stage of a bull cycle, with a larger move likely to unfold only after spot demand shows a clearer rebound. Recent market data, according to the analysis, points to notable growth in BTC futures open interest and demand, while spot demand remains the key variable in assessing whether the rally can continue.
BlockBeats said on Aug. 25 that Bitcoin spot demand was broadly in line with the previous day, while demand in the futures market kept rising and was putting upward pressure on BTC prices.
The analysis said whales are actively buying BTC futures positions. Once that positioning is completed, the market could see a larger upward move.
It added that retail capital is expected to enter after a first round of gains, which could push spot demand higher and support a stronger rally. The analysis also said the market is still in the early stage of a bull cycle, and that a bigger move would likely begin after BTC spot demand shows a clear recovery.
Recent market data also shows more visible growth in BTC futures open interest and demand, but spot demand remains the key variable in judging whether the advance can be sustained.
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