$BTC demand is beginning to show slight rebound.

The volume of net outflows is decreasing slightly, suggesting that the short-term downward trend may have peaked.

$BTC futures demand is rising rapidly, but spot demand remains in negative territory.

This increase in futures demand is leading to a rebound in total demand.

$BTC continues to undergo a short-term correction as outflows from the spot market persist.

However, the increase in futures demand signals a resurgence of upward pressure in the futures market.

The total demand remains negative, but a further increase in futures demand could push the total demand back into positive territory.

However, ultimately spot demand is the key factor. There can be no real rally without spot demand. A $BTC rally will resume only when spot demand picks up again.

Written by CW8900