Ki Young Ju Says Bitcoin Recovery Is Driven by Futures, Not Spot Demand

Ki Young Ju said Bitcoin traded near $77,500 as a recovery driven by perpetual futures demand, while on-chain spot demand stayed net negative. CryptoQuant data showed 30-day apparent demand near -87,600 BTC earlier in the month despite strong US spot Bitcoin ETF inflows and MicroStrategy’s 34,164 BTC purchase.

BTC-1.3%
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