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Bitcoin’s price has risen, but market demand has yet to show a clear recovery, according to crypto analyst Darkfost.
Darkfost said BTC spot demand remained negative at minus 180,000 BTC, while futures demand slipped slightly but stayed positive at plus 54,000 BTC. Overall demand, however, showed signs of improvement, with average total BTC demand recovering to minus 126,000 BTC from minus 188,000 BTC in just a few days. Darkfost added the related indicators have not yet pointed in a consistent direction, although selling pressure appears to be gradually easing.