Bitcoin demand turns positive in spot, perpetual markets as price rebounds above $70K; hits 11-week high
Bitcoin demand has turned positive across both spot and perpetual futures markets for the first time since its last bull cycle in October 2025, according to CryptoQuant founder Ki Young Ju on Thursday.
The shift comes as Bitcoin rebounded past $70,000 on Thursday, reaching its highest level since June 2, 2026. The cryptocurrency has gained nearly18% over the last five trading sessions, signaling renewed optimism among investors.
