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TechFlow reported on October 12 that CryptoQuant analyst Julio Moreno stated on X that Bitcoin demand appears to be recovering. Since April 22, Bitcoin demand has been growing at the fastest monthly pace. Although the demand momentum remains in negative territory (red bars), indicating that sell volumes still exceed buy volumes, this imbalance has eased.
CryptoQuant analyst Julio Moreno said on X that Bitcoin demand appears to be recovering. Since April 22, Bitcoin demand has been growing at the fastest monthly rate. Although the demand momentum remains in negative territory (shown by the red bar), indicating that sell volume still exceeds buy volume, this imbalance has eased.
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