Bitcoin ‘demand generation’ phase mirrors 2022 market bottom: Are new highs incoming?
Onchain data points to a major Bitcoin price rally in the making, while short-term price weakness highlights the absence of “new” buyers. Key takeaways: Stablecoin inflow patterns mirror levels seen after the LUNA and FTX collapse. Pointing to fresh accumulation and the potential for a breakout rally. Bitcoin holds above $100,000, but new user activity…