Bitcoin spot demand nears first positive turn since February, CryptoQuant data show

Bitcoin spot demand is close to turning positive for the first time since February, a market signal that has historically been associated with subsequent price gains. Cointelegraph, citing CryptoQuant data, said comparable readings were followed by a median Bitcoin increase of about 18.1% over 60 days, with a win rate of around 78%. A positive turn in spot demand typically points to stronger buying pressure in the cash market, and traders are watching whether the shift can be sustained and support a broader rally.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.