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Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant
Cointelegraph
1 day ago
Bearish
CryptoQuant says Bitcoin could see months of price declines, as its April rally was spurred by futures trading while spot demand declined, a setup that historically carries “meaningful downside risk.”
Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant. Bi… [+2086 chars]
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