**[Analysis: Growing Demand for BTC Futures, Whales Actively Increasing Positions, Spot Demand Recovery May Trigger Larger Market Movements]** BlockBeats News, August 25: Yesterday, BTC spot demand remained roughly the same as the previous day, but demand in the futures market continued to grow, exerting upward pressure on BTC prices. Currently, whales are actively buying BTC futures positions, and once their position adjustments are complete, a larger-scale upward trend may emerge. Retail investors are expected to enter the market after the first wave of price increases, further driving up spot demand, which could lead to even stronger upward momentum in the market. Analysts suggest that the market is still in the early stages of a bull run, and a truly larger-scale rally will unfold after a significant recovery in BTC spot demand. Recent market data also indicates a noticeable increase in BTC futures open interest and demand, but spot demand remains the key variable in determining whether the upward trend can be sustained. [Original Link]