As per NewsBTC, CryptoQuant’s head of research, Julio Moreno, has noted that Bitcoin’s Apparent Demand metric has grown for the first time in over a month. The indicator, which measures the difference between BTC production and changes in its 1-year inactive inventory, has recently surged back into positive territory. This suggests renewed spot buying interest in Bitcoin after a period of declining demand. Meanwhile, Bitcoin Futures Open Interest remains low, indicating subdued speculative activity in the derivatives market.
Bitcoin Spot Demand Grows for First Time Since Early October, Says CryptoQuant
NewsBTCShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.