Bitcoin increased by 20% in April, jumping from approximately $66,000 to the monthly high of $79,000, but according to crypto data company CryptoQuant's analysis released on Thursday, the rally may have been driven by speculative positioning rather than genuine demand from buyers. The firm found that the entire price increase was caused by a rise in demand for perpetual futures — a type of margin, speculative trading — while spot demand, which reflects real accumulation of coins by buyers, remained in negative territory throughout April.

BTC2.09%
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