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

BlockBeats News, January 7th, CryptoQuant analyst caueconomy stated in a post that even though the Bitcoin price has returned to above $93,000, on-chain demand remains weak, requiring a stronger recovery to support a return to $100,000.

With market sentiment still mixed and trading volume low, there has not been a solid improvement in on-chain activity recovery demand. However, as the holidays end (during which many investors reduce their trading), this situation may now change.