💫💥 BTC Since the start of the year, Bitcoin has been facing a fairly poor dynamic.



—> Either spot and futures demand is contracting, or speculation alone is temporarily reviving the market, with futures demand amplifying while spot demand continues to contract.

This extended trend resembles the situation seen in the previous bear market.

It’s clear that to restart a sustainable trend, futures and spot need to coordinate, with a form of consensus on demand.

These zones are identified in green and correspond to Bitcoin’s rally periods.

Currently, combined spot and futures demand is estimated at -127,000 BTC, a demand level still too weak to restart a trend.

This suggests that the market’s stabilization is more due to seller exhaustion than genuine renewed demand.

This is an important first step, but without any panic move accompanied by very low demand volumes, the correction could very well continue. This current level, where Bitcoin has been consolidating for several months, needs to be watched closely!

#SummerCreationCamp
$BTC
BTC-1.47%
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