⚠️ CryptoQuant Warns Bitcoin's April Rally Was Speculative, Correction Risk Looms

🔹 Bitcoin's surge from $66K to $79K in April identified as futures-driven speculation, not genuine demand
🔹 Perpetual futures open interest hit multi-month highs while spot demand remained weak and contracted
🔹 CryptoQuant's Apparent Demand metric stayed below zero throughout the rally period
🔹 Pattern mirrors early 2022 when futures-led rally preceded 60%+ bear market decline

Bitcoin currently trading near $77K with increased volatility - traders advised to watch open interest closely 📊

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