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Glassnode: Retail Investors' Demand for Bitcoin at around $100,000 Price Level Still Strong

BlockBeats News, January 23rd, according to Glassnode data, retail investors' demand for Bitcoin at around $100,000 remains strong. Last month, the Shrimp-Crab group (holding at most 1 coin and 10 coins of Bitcoin, respectively) bought 1.9 times the newly mined Bitcoin supply, totaling 25,600 BTC.

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The current Bitcoin market structure closely resembles that of Q1 2022, with over 25% of on-chain supply in a state of unrealized losses. ETF fund flows and on-chain momentum are weakening, with price relying on a key cost basis area.
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