🟠 Is Bitcoin’s Recent Rally a Bubble, or Is It Sustainable?
In the cryptocurrency markets, Bitcoin’s (
$BTC ) recent surge from around $63,500 to over $80,000 is said to have been supported by strong spot demand rather than leveraged trading.
According to an assessment published by QCP Capital, Bitcoin’s current market structure appears healthier than previous speculative rallies. The company states that approximately $2.8 billion in net inflows occurred into spot Bitcoin ETFs during $BTC’s rise from $63,500.
In contrast, the amount of open positions in Bitcoin futures markets decreased from ap