Analysis: Improvement in Bitcoin's demand structure reveals positive signals amid the price downturn.

On October 8, according to monitoring by on-chain analyst Darkfost (@Darkfost_Coc), Bitcoin's overall demand has returned to positive territory, with total demand exceeding 14,000 BTC. Futures demand has remained relatively stable recently, averaging around 32,000 BTC; spot demand continues to improve, rebounding from -207,000 BTC on September 20 to the current -17,000 BTC. Although still slightly negative, the improvement is significant. Notably, the current price pullback combined with rising demand has formed a relatively positive market structure. Furthermore, on-chain data shows that profit-taking capital amounts to $4.65 billion, far exceeding panic selling of $1.35 billion. Weak-hand positions are being continuously cleared out during each minor pullback, which analysts regard as a typical characteristic of a bull market.