Bitcoin's Rebound Mirrors 2022 as Spot Demand Still Shrinks

robot
Abstract generation in progress

CryptoQuant said Bitcoin’s current setup shows about 11.7x more 24-hour futures volume than spot volume, echoing 2022 rallies led by leverage instead of cash demand. CoinGlass data showed $47.64 billion in Bitcoin futures volume versus $4.07 billion in spot volume, while Farside Investors data showed $490.5 million in aggregate U.S. spot Bitcoin ETF outflows between Apr. 27 and Apr. 29.

BTC1.15%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin