BlockBeats cited analyst CW as saying that Bitcoin spot demand's negative value is narrowing and nearing a return to positive territory, while futures demand edged down from the previous day. The analyst believes that spot demand turning positive could bring stronger upward momentum.
CryptoQuant analyst Darkfost said that BTC total demand has returned to positive territory, while spot demand remains negative but has improved significantly from the September 20 low.
A Coinbase report shows that BTC profit-taking reached a new single-day high in 2026, while spot and speculative futures demand both declined markedly over the past 30 days.
