CryptoQuant CEO Ki Young Ju says $BTC current rally is futures-driven, warning it needs spot demand too or risks fading like it did in April.
Ki Young Ju’s point is worth watching.
A futures-led rally can push price higher without creating enough real spot demand underneath it.
If buyers aren’t actually absorbing supply in the spot market, leverage can unwind quickly and take the rally with it.
The next thing I’d watch isn’t only $BTC price, it’s whether spot volumes and net spot buying start confirming the move.
Ki Young Ju’s point is worth watching.
A futures-led rally can push price higher without creating enough real spot demand underneath it.
If buyers aren’t actually absorbing supply in the spot market, leverage can unwind quickly and take the rally with it.
The next thing I’d watch isn’t only $BTC price, it’s whether spot volumes and net spot buying start confirming the move.