🔍 #BITCOIN MAY FACE MORE DOWNSIDE AFTER ITS APRIL SURGE


CryptoQuant says Bitcoin’s current demand #pattern now mirrors the start of the 2022 bear market, when futures demand surged while spot demand dropped. Bitcoin’s 20% April rally was driven mainly by #perpetual futures traders, not strong spot buying. CryptoQuant’s chart shows a setup like this "ultimately preceded a sustained price decline."
#cryptocurrency
bitcoin:native
BTC0.73%
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