2026-05-03 02:44:52
Bitcoin's 20% April Rally Driven by Futures, Not Spot Demand; CryptoQuant Warns of Correction Risk
According to CryptoQuant, Bitcoin's 20% April rally—rising from around $66,000 to as high as $79,000—was driven primarily by perpetual futures demand while spot demand remained negative throughout the period. The onchain analytics firm said this divergence mirrors patterns historically associated