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Opinion: Bitcoin On-Chain Demand Still Weak, Stronger Demand Needed to Return to $100,000

Summary: CryptoQuant analyst caueconomy stated that despite Bitcoin's price returning to above $93,000, on-chain demand remains weak, requiring a stronger recovery to support a return to $100,000. With market sentiment mixed and trading volume low, solid signs of improvement in on-chain activity have not yet emerged. However, this situation may change as the holiday period ends, ...

CryptoQuant analyst caueconomy stated that despite Bitcoin's price returning to above $93,000, on-chain demand remains weak, requiring a stronger recovery to support a return to $100,000. With market sentiment mixed and trading volume low, solid signs of improvement in on-chain activity have not yet emerged. However, this situation may change as the holiday period ends, with many investors reducing their trading activity during this time.

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Link: Opinion: Bitcoin On-Chain Demand Still Weak, Stronger Demand Needed to Return to $100,000 [Copy]

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