Bitcoin spot demand turns positive for the first time in 1.5 months
- —Spot BTC demand turned positive for the first time in ~1.5 months, reading 288 BTC
- —Exchange BTC reserves fell to ~2.67 million coins, down 130,000 from February
- —Futures market buying rose over the past day, adding to overall demand
- —Coinbase Premium Index has stayed deeply negative for several days as US investors sell
Why it matters: A demand reversal against thin exchange reserves could support prices, but without ETF inflows and US spot buying the signal remains unconfirmed.
Source: BeInCrypto RU