CryptoQuant Says Bitcoin’s Sustained Recovery Depends on Stronger Spot Demand, Broader Accumulation
Bitcoin needs stronger spot-market buying and broader accumulation across investor groups to sustain its price recovery, according to CryptoQuant.On Oct. 19, the on-chain analytics firm said Bitcoin’s ability to maintain its rebound hinges on spot demand and buying pressure strong enough to absorb coins moving onto exchanges.In particular, a key condition is whether buyers can adequately absorb the volume of Bitcoin being transferred to exchanges.CryptoQuant added that broader Bitcoin accumulation across a range of holder groups, rather than within a single investor cohort, is also critical for a sustained price recovery.