Analyst: Bitcoin demand has not improved, but has weakened further

PANews, September 28 — CryptoQuant analyst Darkfost noted that Bitcoin demand has not improved, but has instead weakened further. Futures demand has dropped from 164,000 BTC to just 3,000 BTC; spot demand remains at a negative level of -174,000 BTC, despite strong ETF inflows. This brings the total demand estimate (30-day cumulative) down to -171,000 BTC. Meanwhile, over the past 15 days, Bitcoin's price still rose from $74,000 to $84,000.