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Opinion: Bitcoin on-chain demand remains weak; a return to $100,000 requires stronger demand
BlockBeats News, January 7 — CryptoQuant analyst caueconomy stated that even though Bitcoin’s price has rebounded above $93,000, on-chain demand remains weak, and a stronger recovery is needed to support a return to $100,000.
In a market environment still characterized by mixed sentiment and low trading volume, the demand for on-chain activity has not yet shown solid signs of improvement. However, as the holiday season ends (during which many investors reduced their trading activity), this situation may now change.