CryptoQuant founder Ki Young Ju said on July 23 that spot demand for Bitcoin is weakening. He added that demand in the futures market remains positive, but it has fallen clearly below the level seen during the market rebound three months ago. The remarks point to a softer spot-side demand picture even as futures positioning has stayed in positive territory. The statement was published in a post cited by BlockBeats.
On July 23, CryptoQuant founder Ki Young Ju said in a post that spot demand for Bitcoin is weakening.
He also said demand in the futures market remains positive, though it is clearly below the level seen during the market rebound three months ago.
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