Analyst: This round of market trends is driven by institutions/ETFs/countries, and cannot be compared with past cycles
Bitget2025/01/06 12:34
ChainCatcher news, according to cryptocurrency analyst Miles Deutscher on social media, despite BTC approaching $100,000, the demand for on-chain transactions of BTC is rapidly declining towards a historical low. He pointed out that this round of market conditions is driven by institutions/ETFs/countries, therefore it's impossible to truly compare this cycle with past cycles.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$68,242.52
+4.54%
Ethereum
ETH
$2,058.94
+7.21%
Tether USDt
USDT
$1
+0.02%
XRP
XRP
$1.44
+4.52%
BNB
BNB
$623.63
+3.44%
USDC
USDC
$1.0000
+0.01%
Solana
SOL
$86.82
+5.01%
TRON
TRX
$0.2864
+0.08%
Dogecoin
DOGE
$0.09846
+4.98%
Cardano
ADA
$0.2907
+7.82%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now