Analyst: This round of market is driven by institutions/ETFs/countries and cannot be compared with past cycles

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MarsBit
01-06
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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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