The rise of #البيتكوين was driven by futures contracts.



Open futures contract positions increased, but the actual on-chain demand remains net negative, despite Bitcoin investment fund inflows and purchases made by Michael Saylor.

CryptoQuant CEO Ki Young Ju said, "Bear markets usually end when both spot market demand and futures market demand recover together."
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin