If only spot demand turns positive… 👀
So, Yesterday, $BTC spot demand weakened further, while futures demand continued to rise, offsetting the decline. Total demand remains near neutral, with no significant selling pressure.
However, persistent weakness in spot demand remains a bearish signal. A sustainable rally needs real spot buying, not just futures activity.
Until spot demand turns positive and total demand strengthens, the market remains neutral. 🐂
#BinancePick #EarningsSeason #UKAlgorithmicCryptoTradingAppsMayNeedFCAAuthorization #DowDrops653Points
So, Yesterday, $BTC spot demand weakened further, while futures demand continued to rise, offsetting the decline. Total demand remains near neutral, with no significant selling pressure.
However, persistent weakness in spot demand remains a bearish signal. A sustainable rally needs real spot buying, not just futures activity.
Until spot demand turns positive and total demand strengthens, the market remains neutral. 🐂
#BinancePick #EarningsSeason #UKAlgorithmicCryptoTradingAppsMayNeedFCAAuthorization #DowDrops653Points