[Analysis] "Bitcoin (BTC), Buying Pressure Increases in Spot Market... Signal for Continued Rise"

Image = Negentropic X Capture

An analysis has emerged indicating that buying pressure for Bitcoin (BTC) is increasing in the spot market.

On the 6th, 'Negentropic', the account of the co-founder of Glassnode, stated on X (formerly Twitter) that "At the end of December last year, selling pressure in the futures market was dominant and overwhelmed the buying pressure in the spot market," adding, "Now the trend is changing, and with buying pressure gradually appearing in the spot market, there are signs that the market is reactivating."

Negentropic added, "This is a signal that a foundation is being laid for a more sustained price increase."