Bitcoin is showing signs of a potential bullish reversal as the gap between futures and spot prices narrows on Binance, according to data from CryptoQuant. The cryptocurrency is currently testing a key trendline, raising questions about whether a reversal or breakout is imminent. Recent reports indicate that Bitcoin's 30-day Apparent Demand is improving after a prolonged period in negative territory, suggesting a shift in market behavior. Analysts caution that while momentum is increasing, confirmation of a trend reversal is still needed, drawing parallels to similar situations in 2021 that did not lead to sustained changes in price direction.