CryptoQuant: Bitcoin spot demand recovers, but US confirmation still missing
- —Apparent BTC demand improved from -182,000 to -101,000 BTC over the week
- —Coinbase Premium stays negative, pointing to persistent US selling pressure
- —Binance spot turnover topped $50B in September vs $42B in July
- —Long-term holders remain in profit for the entire cycle, a first since 2015
Why it matters: A move into positive apparent demand alongside a Coinbase Premium recovery would be the key signal for the rally to continue.
Source: ForkLog