CryptoQuant analyst: Bitcoin spot buying reaches strongest level since last bear market

CryptoQuant analyst Darkfost stated that Bitcoin is experiencing the strongest buying pressure since the last bear market, with a cumulative net spot purchase of over $83 billion over 365 days denominated in US dollars. This indicator calculates the difference between the buying and selling volumes of spot goods on major trading platforms, and accumulates them on a rolling 365 day basis. Darkfost reminds that spot trading volume does not account for the majority of the trading platform's trading volume, and futures trading still dominates significantly.