On the 28th, Darkfost, an analyst at on-chain analytics firm CryptoQuant, pointed out on X that the total estimated demand for Bitcoin (BTC) has worsened to a negative 171,000 BTC over the past 30 days. He stated, "There is still no sign of demand improvement. In fact, it's quite the opposite."
According to him, demand in the futures market has significantly contracted from 164,000 BTC to 3,000 BTC. ...
