đš BTC PRICE IS FALLING, BUT DEMAND IS RECOVERING
Bitcoinâs total demand indicator has returned to positive territory, exceeding 14,000 BTC.
The key improvement is in the spot market:
đ Spot demand has recovered from â207,000 BTC on September 20 to around â17,000 BTC.
đ Futures demand remains near +32,000 BTC, helping push total demand back into positive territory.
Simply put: spot demand is still negative, but the weakness has eased significantly. Falling prices alongside improving demand are worth watching â the market may be getting stronger than price action alone suggests.
However, positive total demand doesnât mean strong spot buying has returned, and it isnât enough to confirm a BTC bottom.
đ For spot traders, the next signal to watch is continued demand recovery alongside price holding support. Encouraging signs, but no need to chase.
Is this the start of accumulation, or does BTC need another shakeout?
Bitcoinâs total demand indicator has returned to positive territory, exceeding 14,000 BTC.
The key improvement is in the spot market:
đ Spot demand has recovered from â207,000 BTC on September 20 to around â17,000 BTC.
đ Futures demand remains near +32,000 BTC, helping push total demand back into positive territory.
Simply put: spot demand is still negative, but the weakness has eased significantly. Falling prices alongside improving demand are worth watching â the market may be getting stronger than price action alone suggests.
However, positive total demand doesnât mean strong spot buying has returned, and it isnât enough to confirm a BTC bottom.
đ For spot traders, the next signal to watch is continued demand recovery alongside price holding support. Encouraging signs, but no need to chase.
Is this the start of accumulation, or does BTC need another shakeout?