⚠️ BITCOIN MAY FACE MORE DOWNSIDE AFTER ITS APRIL SURGE CryptoQuant says Bitcoin’s current demand pattern now mirrors the start of the 2022 bear market, when futures demand surged while spot demand dropped. Bitcoin’s 20% April rally was driven mainly by perpetual futures traders, not strong spot buying. CryptoQuant's chart shows a setup like this "ultimately preceded a sustained price decline."(Coin Bureau)