Wintermute report indicates that Bitcoin breaking above $80k is mainly driven by perpetual futures short squeeze rather than spot demand support.


Over the past month, open interest in futures contracts has increased by approximately $10 billion, reaching $58 billion.
However, spot trading volume has fallen to a two-year low.
The rally is fragile; without spot buying momentum, there is a risk of a quick correction in the short term.
#比特币 #Crypto Market #Risk Warning
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