Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant

Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant

0.22%TRX$0.3256 0.20%BCH$442.52 0.77%DOGE$0.1075 0.11%XLM$0.1593 0.57%ETH$2,281 0.78%BNB$617.05 0.01%SOL$83.94 0.89%HYPE$40.84 4.13%XMR$387.28 1.67%XRP$1.37 0.09%ADA$0.2476 0.16%BTC$77,234 1.46%Written by Jesse Coghlan⁠, Staff Editor. Reviewed by Felix Ng⁠, Staff Editor. Written by Jesse Coghlan⁠, Staff Editor. Reviewed by Felix Ng⁠, Staff Editor. Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuantLatest NewsPublishedMay 1, 2026Futures drove up Bitcoin's price in April while spot demand declined, which CryptoQuant warned has historically preceded extended price declines. Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant. Bitcoin gained around 20% in April, rising from $66,000 to a peak of $79,000 in a rally “driven enti

Source: https://cointelegraph.com/news/bitcoin-risks-decline-rally-speculative-not-structural-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound