Bitcoin demand indicators continue to improve, with spot demand nearing positive territory, potentially building momentum for a price rebound.

BlockBeats news, October 9 - Crypto market analyst CW stated that despite the recent decline in Bitcoin prices, demand-side indicators still show a positive trend. Futures demand slightly retreated from the previous day, but the negative value of spot demand has narrowed, keeping overall demand in a relatively positive range.

The spot demand that had been persistently in negative territory is now approaching a turn to positive. Once spot demand turns positive, Bitcoin will usher in strong upward momentum.