Analyst: This round of market is driven by institutions/ETFs/countries and cannot be compared with past cycles
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According to crypto analyst MilesDeutscher on social media, although BTC is approaching $100,000, the on-chain transaction demand for BTC is rapidly declining to historical lows. He pointed out that this round of market movement is driven by institutions/ETFs/countries, and therefore, this cycle cannot be truly compared to past cycles.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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