Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant
Bitcoin's April 20% rally was driven primarily by futures traders rather than spot demand, CryptoQuant warns. This divergence historically signals speculative gains lacking fundamental support. The pattern mirrors early 2022 bear market conditions, suggesting extended downside risk. Bitcoin's Bull Score Index fell to 40 despite price gains, reinforcing bearish signals for Indian investors monitoring volatility.
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