Data: The ratio of Bitcoin futures to spot has fallen back to the low point of October 2022, with strong spot demand.

According to a report by Jinse Finance, the encryption analysis company Swissblock stated, "We always hear people say: 'false breakouts and rebounds. dump and catch a falling knife.' The reality is completely different. Since the low point in April, this wave of market has been driven by spot - large capital allocators are frantically buying up, almost purchasing all remaining BTC. The ratio of futures to spot has fallen back to the lows of October 2022 → this is a signal of epic spot demand. This is real.

BTC-2.53%
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