Analysis: Bitcoin futures demand cools, short-term trend may face further pressure

CryptoQuant analyst Darkfost wrote in a post that signs of weakening demand are emerging in Bitcoin’s futures market. Data shows the 30-day average net aggressive buy volume has started to decline after a period of relatively strong growth, a trend similar to that seen in May 2026. On August 19, when Bitcoin broke through $65,000, the Taker Buy/Sell Ratio rose to 1.21 at one point, but market optimism has faded as investors gradually increased their short positions. Currently, the 30-day average net aggressive buy volume has plummeted from $213.7 billion to $97.8 billion in just a few days, a drop of over 50%; meanwhile, the Taker Buy/Sell Ratio has remained negative since August 30. This metric, which compares the volume of aggressive buy and sell orders in the futures market, reflects investor sentiment and position changes in the futures market. The analysis notes that futures market trading volume is still significantly higher than that of spot and ETF markets, so its capital flows have a strong influence on overall market trends. In the short term, signs of deterioration are emerging in the Bitcoin market; weakening futures demand and rising short positions may further weigh on price performance.