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Bitcoin Combined 30-Day Demand Estimate Falls to Negative 348,000 BTC

The estimate reached that level on Nov. 10 as spot demand improved. Leo Ruga said he wants pressure from perpetual futures to ease.

By Enna Lee
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A gold coin balances between a heavy iron weight and bright sphere / TokenPost.ai
A gold coin balances between a heavy iron weight and bright sphere / TokenPost.ai

Bitcoin (BTC)’s combined 30-day demand estimate fell to negative 348,000 BTC on Nov. 10, even as spot demand improved.

CryptoQuant verified author Leo Ruga (RugaResearch) said, “What I want to see next is spot continuing toward zero and the drag from perps easing enough for the combined line to flatten.”

The reading compares with negative 171,000 BTC in TokenPost’s earlier report on the 30-day demand estimate.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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