Bitcoin spot buying pressure hits strongest level since last bear market

AI Market Summary
CryptoQuant data cited by Huoxing Finance indicates Bitcoin spot buying pressure is at its strongest since the prior bear market, with 365-day cumulative spot net purchases exceeding $83B. This suggests materially improved underlying demand and a firmer spot-driven bid. However, futures still dominate exchange activity, implying derivatives positioning may continue to drive short-term volatility even as spot metrics turn more constructive.
Impact level
● Medium
Affected assets
BTC/USDT-0.05%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Huoxing Finance reported that on September 6, CryptoQuant analyst Darkfost said Bitcoin is seeing its strongest spot buying pressure since the previous bear market. The 365-day cumulative net spot purchases, measured in U.S. dollars, have climbed above $83 billion, after staying in negative territory through March 2026. The metric tracks a rolling 365-day total of the gap between spot buy and sell volumes across major exchanges, pointing to a notable pickup in demand and a shift toward a more positive trend. Darkfost noted that spot trading still makes up a minority of total exchange activity, with futures continuing to dominate. Even so, spot-based signals indicate market momentum is turning more bullish.