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Interest for Bitcoin Returns: Demand Outstrips Supply Again
Various factors show that the interest in Bitcoin (BTC), as well as futures trading, has returned. According to data from explorer CryptoQuant shared today, Bitcoin’s buying and selling strength has crossed into the green zone in futures contracts. It was last in this area four months ago. This indicates that again “the buyers are in control,” said market researcher and community manager at CryptoQuant known by his pseudonym “Maartunn.” This can be seen in the following chart of net taker volume, which measures the difference between the buying and selling volume of Bitcoin futures contracts. When it is ... (full story)