Derivatives, not spots, fuel Bitcoin surge.

Kitu11

According to a report released by the on-chain analytics platform CryptoQuant, the recent rise in Bitcoin's price has been driven by derivatives exchanges rather than spot exchanges. Despite relatively neutral funding rates, there appears to be a lack of genuine buyer interest in the spot market. Other data indicates that trading volumes are still below the levels seen during the earlier 2023 bull run. Analysts caution that it is prudent to remain cautious regarding the sharp rebound that has resulted from this recent upswing.

Shri

Let's first get to know this exchange.