Bitcoin Is Rising But Who’s Actually Buying? $BTC Rebound Is Being Led By Futures Demand, While On-Chain Spot Demand Remains Negative. ▶️ Futures ↑ | ETF Flows ↑ | Spot Demand ↓ ▶️ This Mirrors April’s Leverage-Driven Rally. The Real Bullish Confirmation: Spot Demand Must Turn Positive.