Bitcoin News

Story: Bitcoin Spot Demand Grows for the First Time Since Early October, Says CryptoQuant

By Julie Binoche

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Bitcoin Spot Demand Turns Positive. In a recent post on X (formerly Twitter), Moreno highlighted that the Apparent Demand for Bitcoin…

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Chart Signals Renewed Accumulation. The chart shared by Moreno illustrates how Bitcoin’s 30-day cumulative Apparent Demand has swung…

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Derivatives Market Activity Still Muted. While spot demand is strengthening, Bitcoin’s derivatives market tells a different story.

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Why Growing Spot Demand Matters. Spot market demand is often considered a more reliable indicator of long-term investor sentiment…

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Market Outlook: Early Signs of Recovery. Although Bitcoin has struggled to break above the $108,000 resistance zone recently, on-chain…

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Bitcoin (BTC) appears to be showing fresh signs of accumulation as new on-chain data reveals an uptick in spot market demand for the first time in more than a month.

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In a recent post on X (formerly Twitter), Moreno highlighted that the Apparent Demand for Bitcoin has flipped back into positive territory, suggesting that investor interest in…

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The metric is calculated by taking the difference between Bitcoin’s production rate and the change in its inventory, specifically the 1-year inactive supply.

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When the Apparent Demand value drops below zero, it signals waning interest from spot buyers — often a precursor to price stagnation or correction.

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Moreno noted that Bitcoin’s Apparent Demand had stayed negative throughout much of October, reflecting a period of cooling investor appetite.

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The chart shared by Moreno illustrates how Bitcoin’s 30-day cumulative Apparent Demand has swung from red (negative) to green (positive) territory over the past week.

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Historically, similar recoveries in Apparent Demand have preceded notable Bitcoin price rallies, as rising spot activity tends to reduce exchange supply and drive demand-side…

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While spot demand is strengthening, Bitcoin’s derivatives market tells a different story. Data from Glassnode shows that Bitcoin Futures Open Interest remains at its lowest level…

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The Futures Open Interest metric measures the total number of open perpetual futures contracts across major exchanges.

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Glassnode reported that this indicator has shown little recovery since then, implying that traders are still hesitant to re-enter high-leverage positions.

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