BlockBeats reported on September 1 that crypto analyst CW said spot demand for BTC has turned negative, pushing the market into a phase of spot contraction and futures growth. The earlier green signal has turned purple. CW added that during the sideways move after Bitcoin's rally, spot demand turned negative again. The key question now is whether spot demand can recover, and investors should watch this indicator closely.
BlockBeats reported on September 1 that crypto analyst CW posted a note saying the market has entered a phase of spot contraction and futures growth, as spot demand for BTC has swung negative. The signal that had previously been green has now turned purple, according to CW.
The analyst said that after Bitcoin rallied, the market moved into a sideways consolidation, and during that stretch spot demand again registered negative readings. CW framed the market's immediate focus around one question: whether spot demand can recover. The analyst also said investors need to monitor changes in this metric closely.
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