‍Bitcoin Rebound Risks 'Bull Trap' Amidst Weak Spot Demand Analysts are cautioning that Bitcoin's recent push above $75,000 may be a "bull trap." Despite reaching multi-week highs, on-chain analytics from CryptoQuant indicate a shift from healthy spot buying to a rally driven by derivatives. The Coinbase Premium Index remains negative, signaling weak demand from U.S. investors, while futures traders show hesitation. Technical indicators and historical patterns suggest potential downward movement, with significant resistance levels identified around $76,000 and higher. Market observers urge caution as current gains may not be sustainable without fundamental shifts in market dynamics. https://cryptovka.com/news/bitcoin-rebound-risks-bull-tra…