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Bitcoin Demand Estimate Falls To Negative 171,000 BTC As Price Rises
Futures demand fell from 164,000 BTC to 3,000 BTC, while spot demand remained negative at 174,000 BTC as Bitcoin’s price rose over 15 days.
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Bitcoin (BTC) demand weakened further even as its price climbed from $74,000 to $84,000 over 15 days, with the 30-day cumulative demand estimate falling to negative 171,000 BTC.
Futures demand fell from 164,000 BTC to 3,000 BTC during the period. Spot demand remained negative at 174,000 BTC despite inflows into exchange-traded funds.
Over those 15 days, Bitcoin climbed from $74,000 to $84,000 while the demand measures weakened.
