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Bitcoin's Rise Driven by Futures, Physical Demand Remains Sluggish - CryptoQuant

2026/04/27 16:05 (Updated 2026/04/27 18:01)
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Written by Enzo
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Bitcoin's Rise Driven by Futures, Physical Demand Remains Sluggish - CryptoQuant

ETF Inflows Yet Physical Demand Stays Low

ETF Inflows Yet Physical Demand Stays Low

Ki Young Ju, CEO of the cryptocurrency on-chain analysis platform CryptoQuant, expressed concerns on X (formerly Twitter) on the 27th that the current rise in Bitcoin (BTC) prices is driven by the futures market.

According to him, while open interest is increasing, on-chain real demand remains in a net negative state. This is despite inflows into US ETFs through entities like BlackRock...

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Iolite Vol.19

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MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30
Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more