Bitcoin Price Under Pressure from Weak Spot Demand

Bitcoin's spot demand continues to weaken despite recent periodic increases in futures trading activity. This has put pressure on the Bitcoin price, which remains under consolidation.

The combined spot and futures demand for Bitcoin is estimated at -127,000 BTC, a level considered too weak to support a sustained uptrend. Analysts suggest that the recent market stabilization is driven more by seller exhaustion than fresh buying.

A lasting recovery in the market will require both spot and futures demand to strengthen together, making the current consolidation range a key level to watch. This indicates that Bitcoin's price will likely remain under pressure until these demands improve.