Markets· ★★★· bearish·

CryptoQuant: Bitcoin futures activity rises as spot demand stays weak

  • —CryptoQuant flagged rising BTC futures trading activity
  • —Spot demand remains weak
  • —Analysts warn of an unsustainable futures-led rally
Why it matters: Weak spot demand alongside rising futures activity raises the risk of sharp pullbacks and liquidations in bitcoin.
Source: Coinfomania