April's Bitcoin Rise Driven by Speculation, Diminished Spot Demand Poses Downside Risks—CryptoQuant Weekly Analysis

2026/05/01 10:55 (Updated 2026/05/01 13:01)

CoinPost

Written by A.Yamada

April's Bitcoin Rise Driven by Speculation, Diminished Spot Demand Poses Downside Risks—CryptoQuant Weekly Analysis

Perpetual Futures Lead April's Demand

CryptoQuant, a cryptocurrency analysis firm, released its weekly market report on April 30th, noting that while Bitcoin (BTC) prices rose, there was a contraction in spot demand for Bitcoin, indicating potential downside risks.

Bitcoin rose from $66,000 at the beginning of April to a temporary peak of $79,000 on the 27th, marking a 20% increase. CryptoQuant attributes this to speculative activities in perpetual futures...

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