CW8900
Bitcoin spot demand has shifted to positive territory, ending a negative trend that lasted about a one and half month.
Yesterday, $BTC spot demand recorded a 288. The value is not large, but it marked a shift into positive territory. Futures demand also increased compared to the previous day, it also showing that total $BTC demand continues to increasing. Not only total demand but also spot demand has turned positive, reflecting highly favorable data regarding demand side. Although $BTC is showing a short-term bearish trend, upward momentum is actually building from a demand perspective. As spot demand having turned positive, apparent upward pressure could emerge. If current demand levels persist, $BTC is likely to show a positive trend. $BTC saw a significant rise last August when spot demand turned positive.