Demand Rebound 📈: Bitcoin's apparent demand has recovered to positive levels after three months of weakness, approximately 1200 BTC, indicating that long-term holders are absorbing new supply.

Sentiment Shift 🔄: The market has moved from extreme fear to neutrality, retail price increase expectations have faded, and traders are focusing on spot and futures gaps.
CME Gap Focus ⛽: If the spot and futures price difference becomes too large, gap testing may be triggered, remaining a key short-term focus.
Network Activity Decline 📉: Trading volume and active addresses have decreased, indicating broader participation has not yet increased in sync.
Short-term Signal Importance 🔮: If spot prices diverge from futures, the next test will be in the CME gap area; sustained positive demand is more valuable than a single point.