Darkfost: Bitcoin market stability is due to seller exhaustion, while spot demand remains weak
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CryptoQuant analyst Darkfost stated that Bitcoin has shown weak performance since the beginning of the year, with spot demand continuing to shrink and the market being driven only by futures speculation. Currently, the total estimated spot and futures demand is -127,000 BTC, which is insufficient to restart an upward trend. Market stability results from seller exhaustion rather than a recovery in demand. Without panic selling accompanied by extremely low trading volumes, the correction may continue.
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