BTC spot demand may turn positive for first time since February: CryptoQuant

CryptoQuant said Bitcoin spot demand is showing signs of turning positive for the first time since February. Based on past cases, BTC posted a median gain of 18.1% over the following 60 days after such a shift, with a 78% probability of extending its advance. CryptoQuant added that the probability rises to 87% when valuations are significantly depressed, as they are now.