According to Julio Moreno, an analyst from CryptoQuant, the Spot demand for Bitcoin remains weak, and the recent rally was driven by Futures. While the demand in Futures is gaining momentum, the Spot demand continues to be negative and in contraction. Therefore, the BTC rally could be a Bull Trap and we might see further corrections.
Bitcoin (BTC) is experiencing a notable bullish bounce on April 17, 2026, trading near USD 77,000 - 78,000, after a volatile day. The rise, close to 3% - 4% for the day, is due to optimism over possible resolutions in geopolitical conflicts in the Middle East, reaching highs since. After days of uncertainty, a Technical Bounce occurs, serving as a refuge against geopolitical volatility. The Volume is due to high trading activity in the last 24 hours.
As you know, BTC has been rebounding at an impressive pace, setting new all-time highs as well as correcting strongly in a Lateralization that prepares the Prelude to the Halving so long awaited by all of us, but having said that there is uncertainty despite the bull market that is taking place. It has been happening and these uncertainties are marked more than anything by the STATEMENTS from the Fed.
In those statements Lorena Mester, President of the Cleveland Fed, made the situation worse (source: cryptotemdencia.com). Now the Analysts think that during the next May meeting of the Federal Open Market Committee there will be no rate cut, this being the situation responsible for the decline of the markets.
What do we do in that case? I think for us that means Opportunity to Accumulate more BTC