CryptoQuant: Bitcoin demand weakens as futures demand collapses from 164K to 3K BTC
- —Futures demand for Bitcoin fell from 164,000 BTC to 3,000 BTC
- —Spot demand stays negative at -174,000 BTC despite strong ETF inflows
- —30-day aggregate demand estimate dropped to -171,000 BTC
- —BTC rose from $74,000 to $84,000 over the past 15 days
Why it matters: The gap between rising price and weakening demand suggests the rally may be fragile if it relies mainly on ETF inflows.
Source: PANews