Bitcoin demand indicators continue to improve, with spot demand nearly turning positive, likely building momentum for a price rebound.

Crypto market analyst CW stated in a recent post that despite Bitcoin’s recent price decline, demand-side indicators still show positive trends. Futures demand saw a slight pullback from the previous day, while spot demand’s negative balance narrowed, keeping overall demand in a relatively positive range. Spot demand, which had remained in negative territory, is now approaching positive territory. Once spot demand turns positive, Bitcoin will gain strong upward momentum.

@tonmelonfest