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Is Bitcoin's return to $93,000 still not optimistic? On-chain demand recovery becomes the key to breakthrough
【Blockchain Rhythm】 Recently, some analysts pointed out an interesting phenomenon: even when Bitcoin’s price rebounds above $93,000, on-chain transaction activity still hasn’t caught up. In simple terms — the price is rising, but actual demand hasn’t increased.
To push Bitcoin back to the $100,000 target, a stronger on-chain activity revival than the current level may be necessary. Currently, market sentiment remains somewhat volatile, and trading volume appears somewhat subdued, which makes the signs of on-chain activity improvement less obvious.
However, a turning point might be just around the corner. As the holiday season gradually comes to an end, investors who reduced trading during the vacation period will also gradually return, and market activity is expected to rebound. This cycle could be a good window for observing the recovery of on-chain demand.