Analyst: Bitcoin 'apparent demand' still negative at -112,500 BTC
- —Bitcoin 'apparent demand' stands at -112,500 BTC
- —Metric improved from -207,000 BTC on Sept. 20
- —Spot Bitcoin ETFs absorbed about 28,000 BTC
- —Analyst sees possible minor pullback to find real buying demand
Why it matters: Weak spot demand caps Bitcoin's upside and raises the risk of a near-term pullback.
Source: PANews
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