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CryptoQuant CEO: Bitcoin's Rise Driven by Futures, On-Chain Spot Demand Remains Negative

27/04/2026 01:45

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Svmuu reported that Ki Young Ju, CEO of CryptoQuant, stated that the recent Bitcoin rally is primarily driven by the futures market, while on-chain spot demand remains negative.
He pointed out that, based on historical experience, a bear market typically ends only when spot and futures demand recover in tandem.

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