CryptoQuant Analyst: Bitcoin futures demand weakened and active purchases decreased

CryptoQuant Analyst Darkfost states that the demand for futures markets in Bitcoin is weak, with a reduction of more than 50 per cent from $21.37 billion to $97.8 billion per day on average. When Bitcoin broke by $65,000 on 19 August, Taker Buy/Sell Ratio rose to 1.21, but the indicator has remained negative since 30 August and investors have increased empty positions. Futures market transactions were significantly higher than spot and ETF markets, demand for futures weakened and empty warehousing increased to suppress the price performance of bitcoin。