Update
Bitcoin Spot Demand Improves, Futures Weakness Persists
RugaResearch, an analyst, noted in a CryptoQuant note that Bitcoin's spot demand improved by approximately 29,500 BTC from November 7 to 10, while the perpetual-futures estimate weakened by about 63,500 BTC. Both components remained below zero, indicating a vulnerable attempted recovery ahead of the US producer-inflation release on Friday. Bitcoin's price was around $73,478 at about 10:40 UTC on November 12.