The Bitcoin Rollercoaster: Why Every Upward Move Is Followed By A Steep Drop?

Bitcoin (BTC) has failed to hold onto gains over the past few weeks, giving back nearly all price increases shortly after they are made. According to crypto analyst and trader Daan Foppen, this phenomenon can be attributed to the outsized influence of futures markets on Bitcoin’s price action.
Foppen notes that Bitcoin’s spot market, where investors buy and sell actual BTC, has been mainly selling recently, as evidenced by the downtrend in spot market prices. In contrast, moves upwar