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Bitcoin Is Moving Into Strong Hands, But Demand Is Still Missing

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Golden Bitcoin coin in front of a green rising price chart pointing to 67,000.

The post Bitcoin Is Moving Into Strong Hands, But Demand Is Still Missing appeared first on Coinpedia Fintech News

Bitcoin’s on-chain structure is beginning to resemble the 2022-2023 bear market bottom, but analysts say one important ingredient is still missing before a meaningful recovery can begin. According to on-chain analyst Axel Adler Jr., Bitcoin is steadily moving out of speculative hands and into long-term holders, reducing the amount of actively traded supply. However, demand …

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