Bitcoin demand is showing a major shift. For the first time since the October 2025 all-time high, demand has turned positive in both the spot market and perpetual futures, according to CryptoQuant’s Ki Young Ju.
👉 This is encouraging because the recovery is no longer coming from derivatives alone—actual spot demand is improving alongside futures activity.
Bitcoin demand is showing a major shift. For the first time since the October 2025 all-time high, demand has turned positive in both the spot market and perpetual futures, according to CryptoQuant’s Ki Young Ju.
👉 This is encouraging because the recovery is no longer coming from derivatives alone—actual spot demand is improving alongside futures activity.
👉 Investors are showing stronger confidence in AI-related equities, while Bitcoin has struggled to attract the same level of enthusiasm.
This divergence highlights a shift in risk appetite, with capital increasingly flowing toward traditional technology and AI assets rather than crypto. Bitcoin will need stronger demand and improving sentiment to close this performance gap. 📊 $BTC