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BSCN·2026-05-01 07:31
BITCOIN RALLY DRIVEN BY FUTURES NOT REAL DEMANDBitcoin’s $BTC April surge was fueled almost entirely by perpetual futures activity, according to CryptoQuant.Spot demand remained in contraction throughout the rally. This shows a lack of organic buying support behind the price move.Such divergence often points to speculative market conditions.Bitcoin climbed roughly 20% in April despite weak spot demand. ...