$ONDO
Cooling DownSnapshot Window: 2026-08-12 10:20 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 4, Retweets: 0, Likes: 20, Impressions: 1008
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Bitcoin’s current rally is being fueled by futures. Open interest is increasing, while net demand in the spot market remains negative.
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AI visual note: A Bitcoin price chart titled "Bitcoin: Spot and Perpetual Futures Demand Growth (30-day sum, # of Bitcoin)" shows purple bars representing futures demand dominating over gray spot demand bars from 2024 through early 2026, with the black price line rising above $100K during late 2025 peaks. The chart supports the caption's claim by showing persistent negative or weak spot demand (gray bars often dipping below zero) while futures demand (purple) drives the majority of the 30-day growth, particularly fueling the recent rally near $65K-$70K in 2026.