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Add as a preferred source on GoogleBitcoin (BTC) Spot Demand Nears Positive Territory as Futures Demand Eases
Spot demand narrowed its deficit despite Bitcoin’s recent price decline, keeping overall demand in a relatively positive range.
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Bitcoin (BTC) spot demand moved closer to positive territory Oct. 9 despite a recent price decline, while futures demand eased slightly, leaving overall demand in a relatively positive range.
Spot demand had remained negative but narrowed its deficit in the latest reading. A move into positive territory could provide stronger upward momentum for Bitcoin.
The development extends a recent recovery in Bitcoin demand, while futures demand has softened modestly from the previous day.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.