Analyst: This round of market trends is driven by institutions/ETFs/countries, and cannot be compared with past cycles
ChainCatcher news, according to cryptocurrency analyst Miles Deutscher on social media, despite BTC approaching $100,000, the demand for on-chain transactions of BTC is rapidly declining towards a historical low. He pointed out that this round of market conditions is driven by institutions/ETFs/countries, therefore it's impossible to truly compare this cycle with past cycles.
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