Update
Bitcoin Spot Demand Turns Positive After Inflation Data
Bitcoin's spot demand gauge turned positive for the first time in about six weeks after inflation data released on Wednesday. Despite a 2% drop in Bitcoin's value, spot buyers had started returning a day earlier, according to a CryptoQuant contributor. US spot Bitcoin ETFs took in $175.7 million on the same day, and Bitfinex analysts noted that a move above $84,500 on positive fund flows would confirm the recovery.