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Bitcoin price may correct soon as spot demand weakens despite recent rally to $79,500.

Market News
23 Apr 2026
Finbold
View Source
Bearish
pluang ai news

Bitcoin's price recently surged from $66,000 to $79,500, driven mainly by demand in perpetual futures markets. However, spot market demand has weakened with net selling over the past 30 days, raising the risk of a price correction. Historical patterns show that when derivatives traders and spot market behavior diverge, corrections often follow. Analysts suggest Bitcoin could drop below $70,000 to retest support unless spot demand and derivatives sentiment improve, potentially sparking a new bull rally.

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