Bitcoin demand has weakened further, according to CryptoQuant analyst Darkfost. Futures demand fell from 164,000 BTC to 3,000 BTC, while spot demand remained negative at 174,000 BTC despite strong ETF (exchange-traded fund) inflows. The estimated 30-day cumulative total demand declined to negative 171,000 BTC. Over the same period, Bitcoin rose from $74,000 to $84,000 in 15 days, highlighting a divergence between price performance and the demand indicators cited by the analyst.