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Ki Young Ju
@ki_young_ju
Bitcoin is futures-driven right now. Open interest is rising, while on-chain spot demand remains net negative. A sustainable rally needs both spot and futures demand. As April showed, futures-led rallies tend to fade without spot support. https://t.co/ayh6aTOJsb
@ki_young_ju
Bitcoin is currently futures-driven. Open interest is rising, but on-chain apparent demand remains net negative despite ETF inflows and Saylor buys. Historically, bear markets end when both spot and futures demand recover. https://t.co/HcCjBQTniL
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