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TechFlow news, January 6 — Cryptocurrency analyst Miles Deutscher stated on social media that although BTC is approaching $100,000, on-chain transaction demand for BTC is sharply declining toward historic lows.
He noted that this market cycle is being driven by institutions, ETFs, and nations, making it difficult to truly compare this cycle with previous ones.
According to cryptocurrency analyst Miles Deutscher on social media, although BTC is approaching $100,000, on-chain transaction demand for BTC is sharply declining toward historic lows. He pointed out that this market cycle is being driven by institutions/ETFs/nations, making it difficult to truly compare this cycle with previous ones.
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