Darkfost says Bitcoin spot demand is recovering even as price falls

The story so far: CryptoQuant analyst on weak BTC demand

CryptoQuant analysts have flagged weak bitcoin demand, with a contributor attributing a pullback to weak spot demand and a nearly 10% drop in futures open interest. CryptoQuant now says a sustained recovery needs stronger spot demand and broader accumulation. Its on-chain demand indicator has been negative for 12…

1. 28 Sep 202605:03 UTC

   CryptoQuant analyst says BTC spot demand has not recovered despite rebound

   CryptoQuant analyst Darkfost said demand indicators have not meaningfully recovered despite Bitcoin's rebound, with futures demand down to about 3,000 BTC from 164,000 BTC and spot demand at -174,000 BTC. The estimated 30-day cumulative demand fell to -171,000 BTC even as BTC…

   BitcoinCoinNessAI

2. 29 Sep 202615:22 UTC

   Analyst: futures drive about 90% of BTC market as spot demand lags

   CryptoQuant analyst Darkfost said Bitcoin trading is clearly futures-led, with Binance's spot-to-futures volume ratio around 0.12, meaning futures are about 90%. Binance BTC open interest fell to $9.2bn from $10.6bn in a week, while spot demand stayed weak.

   BitcoinOdailyAI

3. 30 Sep 202608:01 UTC

   Analyst says Bitcoin retail demand fading as 30-day change turns negative

   Analyst Darkfost said Bitcoin retail demand, measured by $0-$10,000 transactions, has faded quickly during the current BTC rise, with the 30-day change rate falling from above 17% to -3.5%.

   BitcoinPANewsAI

4. 1 Oct 202605:37 UTC

   Analyst says Bitcoin apparent demand remains negative at 112,500 BTC

   Crypto analyst Darkfost said on X that Bitcoin's "Apparent Demand" stands at -112,500 BTC, indicating spot market demand remains insufficient and weak spot demand may cap upside.

   BitcoinPANewsAIBearish

5. 8 Oct 202606:54 UTC

   Darkfost says Bitcoin spot demand is recovering even as price falls

   Analyst Darkfost said Bitcoin's total demand has returned to positive territory at over 14,000 BTC, while futures demand is steady at about 32,000 BTC. Spot demand is around negative 17,000 BTC, a big improvement on negative 207,000 BTC on 20 Sept, which Darkfost called a positive signal.

   BitcoinOdailyAIBullish

6. 8 Oct 202609:18 UTC

   CryptoQuant contributor MAC_D says weak spot demand drove Bitcoin pullback

   CryptoQuant contributor MAC_D attributed Bitcoin's recent pullback to weak spot demand and a fall in futures open interest, which dropped almost 10% to about $26bn from roughly $28.8bn. MAC_D said the correction could be a medium- to long-term buying opportunity if the upcycle holds, with $69,000 a likely support level.

   BitcoinCoinNessAIBearish

7. 19 Oct 202617:58 UTC

   CryptoQuant says Bitcoin recovery needs stronger spot demand and accumulation

   CryptoQuant says a sustained Bitcoin recovery depends on stronger spot demand and broader accumulation, according to a headline with no further detail.

   BitcoinBloomingbitAIBearish

8. 27 Oct 202615:23 UTC

   CryptoQuant says Bitcoin buy-side absorption still lacking as short-term gains narrow

   CryptoQuant says Bitcoin buy-side support remains insufficient, with its on-chain demand indicator negative for 12 straight days as of 25 October. Average unrealised gains for holders of one to three months narrowed from 33.4% on 22 September to 8.1% on 26 October.

   BitcoinPANewsAIBearish