CryptoQuant analyst says Bitcoin futures and spot demand indicators weakened further
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AT A GLANCE
Analyst Darkfost said that Bitcoin futures and spot demand weakened, while the price still rose over the past 15 days.
Article
Analyst: Bitcoin demand has not improved and has weakened further
PANews September 28 reported that CryptoQuant analyst Darkfost wrote that Bitcoin demand has not improved and has weakened further. Futures demand has fallen from 164000 BTC to just 3000; spot demand remains at a negative level of -174000 BTC, despite strong ETF inflows. This brought estimated total demand (30-day cumulative) down to -171000.BTC Meanwhile, over the past 15 days, the price of Bitcoin still rose from 74000 USD to 84000 USD。
PANews relayed CryptoQuant analyst Darkfost's view that Bitcoin demand has not improved and has weakened further.
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Futures demand fell from 164000 BTC to 3000.
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Spot demand remained at a negative level of -174000 BTC.
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The article stated that ETF inflows were strong.
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The 30-day cumulative value of estimated total demand fell to -171000 BTC。
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Over the past 15 days, Bitcoin's price rose from 74000 USD to 84000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The analyst used futures, spot, and 30-day cumulative total-demand indicators to assess weakening Bitcoin demand. Meanwhile, the article reported that Bitcoin's price rose over the past 15 days, indicating that rising prices and weaker demand indicators occurred at the same time.
Why it matters to readers
Weaker demand indicators and rising prices occurred simultaneously; it remains worth monitoring whether these indicators and prices continue to move in opposite directions.
Beginners should understand this as one analyst's market assessment based on specific indicators, rather than a conclusion independently verified; rising prices also do not mean that the demand indicators cited in the article have improved.
Risks and unknowns
The original article did not specify the definitions or calculation methods for futures demand, spot demand, and total demand.
The relevant figures come from PANews' relay of the analyst's post; the original article did not provide independently verifiable materials.
The original article did not explain why ETF inflows remained strong while spot demand was still negative.
The original article only stated “September 28” and did not specify the year.
It remains uncertain how subsequent demand indicators and prices will change.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
