MARKETS: Cointelegraph's Head of Markets @HorusHughes on @SchwabNetwork says Bitcoin may be carving out a bottom as buyers return to spot and futures markets. "There's been $2.9B on the buy side over the last seven days."

What happened

Bitcoin appears to be forming a market bottom as buyers have returned to both spot and futures markets, generating a large amount of net buying over the past week.

Confirmed

Global impact / market context

If the buying trend signals a bottom, it could lift Bitcoin prices, improve overall crypto sentiment, and encourage more investors to allocate capital into digital assets.

Analyst inference

The broader cryptocurrency market has been in a downtrend, and a shift back to buying activity suggests a possible reversal after recent weakness across major tokens.

Analyst inference

What to watch

1. Whether net buying continues in the coming days, which would indicate sustained demand and help support Bitcoin’s price level. Analyst inference
2. Changes in Bitcoin futures open interest, as rising open interest can reflect trader confidence and potentially influence spot market movements. Analyst inference
3. Spot market trading volume trends, because higher volume often confirms stronger buyer participation and can reinforce price stability. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com