Analyst: This round of market movement is driven by institutions/ETFs/nations and cannot be compared to past cycles
ChainCatcher news, according to cryptocurrency analyst Miles Deutscher on social media, although BTC is approaching $100,000, the on-chain transaction demand for BTC is sharply declining towards historical lows.
He pointed out that this market cycle is driven by institutions/ETFs/nations, so it is not possible to truly compare this cycle with past cycles.
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