Summary
- Julio Moreno, chief analyst at CryptoQuant, said Bitcoin (BTC) spot on-chain demand is showing signs of recovery.
- Moreno said Bitcoin spot on-chain demand is rising for the first time since last November.
- He added that a recovery in on-chain spot demand could be interpreted as a key signal in assessing the sustainability of a short-term rebound.
Julio Moreno, chief analyst at CryptoQuant, said Bitcoin (BTC) spot on-chain demand is showing signs of recovery.
In a post on X (formerly Twitter) on the 25th (local time), Moreno said, "Bitcoin spot on-chain demand is rising for the first time since last November."
He did not disclose specific figures or underlying metrics, but a rebound in on-chain spot demand can be interpreted as a key signal in assessing the sustainability of a short-term upswing.
The market is watching whether the recent price rebound is being accompanied by an inflow of real demand.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
