CW8900
Bitcoin demand remains negative, but it is recovering from the bottom.
The negative value of $BTC spot demand has narrowed slightly, while futures demand continues to increase. Total demand is also showing a slight recovery compared to the previous day. The scale of $BTC net outflows is shrinking, and total demand is in the process of rebounding. Additionally, $BTC is showing an upward trend. A rebound in demand is emerging alongside positive price action. Although total demand remains in negative territory, the trend is shifting toward the positive. If the current momentum persists, spot demand will also flip to positive. That moment will mark the beginning of a more significant rally.