⚡CryptoQuant issues a major warning! Bitcoin surged 20% in April—pulled up purely for speculation, with an extremely high risk of a pullback💥

Top on-chain data institution CryptoQuant’s latest “dump” report: In April, Bitcoin rocketed from $66,000 to $79,000, up 20%, posting bullish closes for two consecutive months. It looks like a strong breakout that solves the problem, but in reality it’s all leverage speculation—there is no spot support, and the risk of a crash has already been planted!

📊 Data speaks for itself: Futures are exploding upward, while spot continues to bleed

✅ The only driving force: Perpetual contracts
This round’s 100% increase is driven by leveraged futures funding, while real spot buying is shrinking throughout the entire process
❌ Spot demand is negative
The 30-day spot net buy indicator stays negative throughout April, with no coin-hoarding accumulation action
📉 Bull Power index plunges
During the 20% surge, the Bull Score fell sharply from 50 to 40, and the market’s internal health completely collapses
🔄 A repeat of the start of the 2022 bear market
The fatal divergence of strong futures and weak spot is exactly the same as the structure before the 2022 bear-market crash—history is repeating itself

🚨 Institutions say it plainly: This is a speculative frenzy, not a bull market

CryptoQuant’s Research Director Julio Moreno warns:
“Futures demand is surging and spot demand is shrinking—this is the clearest signal of speculation! This rally is powered by leverage, not real funds entering. With a lack of structural support, once leverage is unwound, the price must correct!”

💣 Risk implodes: Chasing pumps at high levels = getting sent to your doom

💥- This rally has no fundamentals, no spot coin-hoarding, and no long-term capital
💥- Pure contract leverage pushes prices up; once funds withdraw, a stampede-like selloff will happen immediately
💥- Historical data: In this type of market, there’s a 90% probability that it will quickly give back all the gains—possibly even more

⚠️ Emergency warning: Stay away from high leverage, and watch out for a cascade crash

Now the BTC you see is an air castle built with leverage, not the starting point of a bull market supported by value!
Don’t let the 20% surge get into your head. After the speculative frenzy, it’s all heartbreak and regret!
Protect your principal, stay away from contracts, and be cautious about chasing highs—the cascade crash could happen at any moment!📉
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