Bitcoin demand is still negative on the 1 year view but the short-term picture has started to improve.
The heavy selling pressure seen through the summer is fading, with 30 day apparent demand moving much closer to neutral while $BTC holds around $81K.
Not a full demand recovery yet. Still, this is the first thing I’d want to see before the market attempts a more convincing move higher.
The heavy selling pressure seen through the summer is fading, with 30 day apparent demand moving much closer to neutral while $BTC holds around $81K.
Not a full demand recovery yet. Still, this is the first thing I’d want to see before the market attempts a more convincing move higher.