[Analyst: Bitcoin Demand Recovery Remains Uneven, But Overall Outlook Stays Positive] Deep Tide TechFlow reports that on September 23, CryptoQuant analyst Darkfost stated that although Bitcoin prices continue to rise, demand recovery remains uneven. Spot demand is at negative 180,000 BTC, while futures demand remains positive at 54,000 BTC; the average total demand has improved over several days from negative 188,000 BTC to negative 126,000 BTC. Institutional selling pressure has significantly eased, and the Coinbase Premium Index briefly released positive signals. ETF demand has strengthened significantly compared to this summer, with approximately 70,000 BTC accumulated, and net demand since 2026 has also recovered to negative 17,000 BTC. Meanwhile, the 30-day average net flow of exchanges shows that funds have continued to flow out in September, with the market overall leaning more toward accumulation. The analyst believes that investors have not increased selling pressure, keeping the overall outlook positive, though some fragility remains. As Bitcoin continues to rise, selling pressure may increase, requiring subsequent entry demand to sustain the trend.