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Crypto Mumbles Crypto Mumbles @cryptomumbles · 9.4K subscribers
Post #18818 1.32K

Forwarded from CryptoQuant

Perp demand is rising. Spot demand is still contracting.

That exact setup appeared in 2022 and preceded the next leg down.

It doesn’t guarantee the same outcome, but structurally, this is a bearish demand signal.

👉 Full breakdown.

@cryptoquant_official
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