Bitcoin Spot Demand on Verge of Turning Positive, Historically Bullish
Bitcoin spot demand is close to turning positive for the first time since February. According to CryptoQuant, this shift has historically produced strong market performance.
A median gain of 18.1% over 60 days and a 78% win rate have been observed in previous instances where Bitcoin spot demand turned positive.
This is significant as sustained spot buying is generally viewed as a stronger foundation for long-term price appreciation than rallies driven primarily by leveraged futures positions.