Crypto analyst IT Tech reports a significant shift in Bitcoin's demand index. In a CryptoQuant analysis, he notes the 30-day aggregate demand index has moved from negative to positive, signaling renewed fund inflows into the Bitcoin market. This positive shift, driven by increased demand, suggests a potential acceleration of the bull market, with BTC prices potentially targeting levels above $90,000. The demand index tracks changes in the supply of BTC unmoved for a year. A rebound from a low of -200,000 BTC to positive territory coincides with Bitcoin's recent surge past $87,000. The analyst attributes the initial demand surge in February to net inflows into Bitcoin spot ETFs and accumulation by long-term holders. Historically, such reversals in the demand index have preceded substantial price increases or the establishment of strong price floors. This positive momentum indicates renewed investor confidence and potential for further gains in the near future. ```

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