Bitcoin (BTC) Jumps 12.7% in April Amid Weak Buyer Demand

AI Summary

Bitcoin (BTC) surged 12.7% in April, marking its best month since April 2025, following a nearly 2% gain in March after five consecutive down months. Ether also experienced an 8% increase during the same period. Despite the price gains, crypto data provider CryptoQuant reported that the demand metric for outright bitcoin purchases remained negative, indicating a reliance on futures trading. This divergence suggests speculative trading rather than fundamental demand could lead to potential corrections, echoing patterns seen before previous bear markets.