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

2026-04-27 05:44

Odaily News: CryptoQuant CEO Ki Young Ju stated that Bitcoin's current 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 both spot and futures demand recover simultaneously.

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