Bitcoin Rebound Faces Risk as Futures Demand Outpaces Spot Buying: Analysts

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Bitcoin's bounce from Tuesday's low near $63,200 is driven mainly by leveraged futures positioning rather than real spot buying, according to CryptoQuant data cited by XWIN Japan. This setup mirrors the conditions that preceded April 2026's failed rally, leaving the recovery fragile and at risk of reversal until genuine spot demand and adoption materialize, highlighting leverage and market risk for BTC and crypto markets.
Bitcoin’s bounce off Tuesday’s low near $63,200 is coming mostly from leveraged futures positioning, not real spot buying, according to CryptoQuant data cited by the analytics account XWIN Japan.
That’s the same setup that preceded April 2026’s failed rally, which is why some analysts are treating the current recovery as fragile until spot demand actually shows up.
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