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CryptoQuant news, CryptoQuant warns that the futures-driven rally in April could lead to several months of Bitcoin price declines. Although Bitcoin rose about 20% in April, from $66,000 to $79,000, spot demand is declining, indicating that the marginal buyers in the market are speculative rather than fundamental. CryptoQuant points out that the divergence between rising prices and shrinking spot demand is a clear on-chain signal that the price increase is driven by speculation rather than structural growth. Currently, Bitcoin is trading at approximately $77,000, up 2.1% in the past 24 hours. The company also mentioned that the current demand pattern is similar to the early stages of the 2022 bear market, when futures demand surged while spot demand declined, ultimately leading to sustained price declines.