Bitcoin Is Moving Into Strong Hands, But Demand Is Still Missing

The post Bitcoin Is Moving Into Strong Hands, But Demand Is Still Missing appeared first on Coinpedia Fintech News

Bitcoin’s on-chain structure is beginning to resemble the 2022-2023 bear market bottom, but analysts say one important ingredient is still missing before a meaningful recovery can begin. According to on-chain analyst Axel Adler Jr., Bitcoin is steadily moving out of speculative hands and into long-term holders, reducing the amount of actively traded supply. However, demand …