Bitcoin demand indicators continue to improve: spot demand is close to turning positive, which may accumulate momentum for a price rebound

Cryptocurrency market analyst CW stated that despite the recent decline in Bitcoin prices, demand-side indicators still show a positive trend. Futures demand has slightly retreated compared to the previous day, but the negative value of spot demand has narrowed, keeping overall demand in a relatively positive range.

The spot demand, which had previously remained in negative territory, is approaching a positive value. Once spot demand turns positive, Bitcoin will experience strong upward momentum.