Analysis: The market demand for Bitcoin is recovering, but the intensity has not yet reached the levels of previous rounds of pump.

BlockBeats news, on October 29, glassnode released a graphic analysis stating that “Bitcoin's rebound from $107,000 coincided with a return to positive net inflows for the U.S. Bitcoin Spot ETF. However, the current inflow remains below 1,000 BTC per day, significantly weaker than the early stages of this cycle where daily inflows exceeded 2,500 BTC. Demand is recovering, but the intensity has not yet reached the levels seen in previous rallies.”

BTC-0.86%
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