CryptoQuant Founder: Demand for Bitcoin spot and perpetual futures has turned positive for the first time since October 2025

CryptoQuant founder Ki Young Ju posted on the X platform that the demand for Bitcoin spot and perpetual futures has turned positive for the first time since reaching a historic high in October 2025. The scale of demand is still relatively small, but if this trend continues for a month, it can be reasonably concluded that the bear market has ended and a new bull market cycle has begun.