CW: BTC spot demand turns negative, market enters a phase of spot contraction and futures growth

On September 1st, crypto analyst CW stated that as BTC spot demand turns negative, the market enters a phase of spot contraction and futures growth, with the green signal turning purple. CW pointed out that during the period when BTC entered a sideways phase after rising, spot demand turned negative again. The key to the current market is whether spot demand can recover again, and investors need to pay attention to this indicator change.