CryptoQuant Founder: The current Bitcoin market is mainly driven by the futures market

Golden Finance reports that on April 27th, CryptoQuant founder and CEO Ki Young Ju posted on X platform stating that the current Bitcoin market is mainly driven by the futures market. Open interest is rising, but despite ETF capital inflows and Michael Saylor’s continued buying, on-chain apparent demand remains net negative.
Historically, the bear market only truly ends when both spot demand and futures demand recover simultaneously.

BTC-0.32%
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