This chart shows it clear 👇



$BTC trading is mostly from futures & leverage right now.
Spot buying is very low.

A real bull market only comes when spot volume comes back.
CLEAR11.91%
BTC2.62%
AMP1.02%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
Crypto_Wizvip
· 2025-09-03 17:04
True—without strong spot demand, rallies lack stability. Futures-driven pumps risk sharp corrections. A true bull run needs real buyers stacking BTC, not just traders chasing leverage.
Reply0