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CryptoQuant Calls Bitcoin’s April Rally Speculative as Spot Demand Stays Weak

2026-05-02 21:30:58

Abstract generation in progress

CryptoQuant said Bitcoin rose about 20% in April, from around $66,000 to as high as $79,000, but the move was driven by perpetual futures demand while spot demand stayed negative. Julio Moreno said that divergence suggests the rally lacks structural support and could correct if leveraged positioning unwinds.

BTC-0.19%

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