On-chain data shows that demand for Bitcoin from HODLers is currently outpacing miner issuance for the first time in history and by quite a lot.
The CEO of on-chain analytics firm CryptoQuant has explained why the supply shock due to the Bitcoin halving could be significant this time.
On-chain data shows the Bitcoin active addresses have broken above the levels seen in Nov. 2021, suggesting that demand for BTC is surging.
On-chain data shows demand for Bitcoin has been returning recently, but the rise has been slower than what previous cycles saw at a similar stage.<
Data shows the Bitcoin active addresses haven’t significantly increased recently, indicating that the current rally may be unsustainable.
Data from Glassnode shows demand on the Bitcoin network has been gradually recovering recently, after facing months of continuous decline.
