Latest Update
7/23/2026 7:27:00 AM

Bitcoin: Spot Demand Weakens as Futures Slow

Bitcoin: Spot Demand Weakens as Futures Slow

Bitcoin spot demand weakens while futures stay net positive but below three-month rebound levels, with BTC at $65479.86 showing EMA support and MACD death cross on 4h chart.

Source

Analysis

Bitcoin spot demand is weakening according to on-chain analyst Ki Young Ju, while futures demand stays net positive yet far below levels seen during the rebound three months ago. At $65479.86, price holds above the EMA50 at $65024.9 and the EMA200 at $63742.48 in a bullish structure, yet the MACD death cross at 261.94 signals fading momentum even as RSI at 49.82 remains neutral inside the Bollinger Bands with upper resistance at $66965.39 and lower support at $64612.59. This setup points to potential short-term consolidation before any continuation, directly shaping BTC price prediction models and broader crypto market trends focused on Bitcoin futures demand.


Ki Young Ju

@ki_young_ju

Founder & CEO of CryptoQuant.com