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BSCN·2026-04-27 07:26
BITCOIN RALLY DRIVEN BY FUTURES NOT SPOT DEMANDBitcoin’s $BTC current rally is being led by derivatives markets, CryptoQuant CEO Ki Young Ju says.He noted that open interest is rising, signaling strong futures activity. However, on chain data shows spot demand remains net negative.This suggests real buying pressure is still weak beneath the surface.Historically, true market recoveries require both spot and futures demand to rise.Bitcoin recently fell below $77,800 after a weekend surge. ...