Bitcoin Rallies on Aggressive Spot Demand as Market Absorbs U.S. Economic Data: Bitfinex
On-chain data shows that spot CVD rose sharply after May 8, reflecting buyers lifting offers and absorbing supply at premium levels. Following a period of speculation-driven surges, bitcoin (BTC) appears to be rallying due to spot demand. Within a short time, spot demand metrics have shifted from contraction to growth. This development comes as the...
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