
CryptoQuant analyst: Bitcoin demand improves despite price decline
- —Overall Bitcoin demand gauge back above zero at over 14,000 BTC
- —Spot demand around -17,000 BTC versus -207,000 BTC on September 20
- —Futures market demand indicator steady at an average of 32,000 BTC
Why it matters: Improving demand while price falls may signal returning interest before it shows up in the price, though it does not guarantee a bottom.
Source: Crypto Insiders