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Bitcoinist

2023-02-24 16:00:27

Bitcoin On-Chain Demand Rising, But Slower Than In Previous Cycles

Bitcoin On-Chain Demand Rising, But Slower Than In Previous Cycles

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. Bitcoin Active Addresses Haven’t Grown Much Recently As pointed out by an analyst in a CryptoQuant post, the market activity rapidly changed after the bottom formed during the previous cycles.

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