On-chain analysis firm Glassnode reported that the spot buy position of Bitcoin (BTC) has surpassed that of futures buy positions. This shift could be a sign of a potential upward movement in BTC prices. According to Glassnode co-founders Jan Happel and Yann Allemann, this trend reversal could lead to a price increase. The size of BTC futures buy positions had previously surpassed that of spot buy positions in December, but this has recently reversed. This shift suggests an increased buying appetite for BTC in the spot market, indicating a potential shift in market sentiment. If spot buying continues to dominate, it could provide a solid foundation for future BTC price increases.

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