Bitcoin’s (BTC) recent price action on Monday has sent mixed signals, with BlackRock’s Bitcoin ETF (IBIT) logging its strongest inflows in six months even as underlying on-chain demand remains weak, and analysts point to Strategy (MSTR) as a key driver of the rally. CryptoQuant CEO Ki Young Ju said on Monday that “Bitcoin is currently futures-driven,” adding that “open interest is rising, but on-chain apparent demand remains net negative despite ETF inflows and Saylor buys.” {tweet} The CryptoQuant CEO also reported that BlackRock’s iShares Bitcoin Trust recorded $983 million in weekly inflows, its “highest level in ... (full story)