币界网报道：Bitcoin's net taker volume has surged significantly as billions of dollars exit derivatives markets, signaling a potential shift in investor sentiment. Data from CryptoQuant reveals a sharp increase in spot buying activity, with net taker volume—measuring the difference between aggressive buyers and sellers—reaching its highest level since late 2022. This comes alongside a $1.3 billion outflow from Bitcoin futures markets, the largest since FTX's collapse in November 2022. Analysts suggest the trend indicates traders are moving from leveraged positions to direct Bitcoin holdings, possibly anticipating reduced volatility or preparing for a spot ETF approval. The shift coincides with Bitcoin's price stabilizing around $43,000 after recent fluctuations. Market observers note that while derivatives open interest has dropped 20% from December highs, spot exchange reserves continue declining, pointing to accumulation by long-term holders. This divergence between spot and derivatives activity may reflect changing risk appetites amid regulatory uncertainty and macroeconomic factors.