
Title: Is Bitcoin’s Supply Squeeze Signaling the Start of a New Rally?
Introduction:
The cryptocurrency market has been subject to significant fluctuations over the past year. The recent surge in spot market demand has led many investors to question whether it is signaling the start of a new rally.
Rise in Spot Market Demand:
According to the latest data from CryptoQuant, Bitcoin’s spot market demand has seen a substantial increase over the past month. This growth has been attributed by some to speculative excesses in the Futures market cooling down, while buying pressure in the spot market gains momentum.
Source: ambcrypto.com