Spot Buying Power Fades as Derivatives Drive Bitcoin Market: What Comes Next?

TLDR: Bitcoin rallies in 2021 were tied to strong spot volume growth, pushing the price from $30K to over $65K. In 2022, derivatives stayed dominant while weakening spot volume saw Bitcoin drop from $40K to nearly $20K. Analysts warn that without sustained spot demand, Bitcoin may keep trading sideways under pressure from derivatives. Current data [...]

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