Bitcoin trading volume on January 3 fell 91% from its first peak above $100,000
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Odaily reported that CryptoQuant analyst stated that for Bitcoin to rise above $105,000 in January, it still needs to accumulate more trading volume. Adler said: "The market structure remains bullish, without any obvious signs of overheating. We lack sufficient trading volume for a strong driving force. Therefore, we are waiting for the market to recover from the holidays." On January 3, Bitcoin's daily trading volume exceeded $66.7 million, a 91% decrease from $743 million when it first broke the $100,000 mark on December 5 last year. Nevertheless, the analyst remains optimistic about Bitcoin's trajectory in 2025, forecasting a range between $160,000 and $200,000, thanks to expectations of improvement in U.S. monetary policy and investors' increasing risk appetite. (Cointelegraph)
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