Rising BTC spot, futures demand may support continued rally: CryptoQuant analyst

CryptoQuant contributor Darkfost said BTC spot and futures demand has risen together over the past 30 days to around 170,000 BTC. Darkfost said short-term overheating signals are increasing, but strong demand appears to be absorbing profit-taking supply as the market’s uptrend gains traction. Darkfost added that the strongest rallies in the past emerged during periods when spot and futures demand increased together, and the rally could continue even if the market enters overbought territory as long as demand holds.