Bitcoin has been trading steadily above $70,000 after a significant recovery from February lows near $63,000-$65,000. This rebound was characterized by a rapid increase in price as buyers stepped in to trigger a strong market move.
The current stability in Bitcoin's price suggests that the asset is gaining momentum, with various on-chain and market signals indicating improving demand dynamics. According to CryptoQuant analyst Darkfost, recent data from the Bitcoin Spot Net Volume Delta chart shows that market dynamics are shifting back in favor of buyers.
This indicator tracks the difference between aggressive buying and selling volume in spot markets and has shown a notable improvement compared to February's market conditions. While the change remains relatively modest, it represents a clear shift towards buyer influence within the spot market.