Analysis: Bitcoin's daily inflows reach $1.8 billion, close to the peak of the last bull market
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Odaily Planet News - CryptoQuant analyst AXEL Adler Jr posted on X platform that Bitcoin market demand is approaching the peak level of the previous bull market. Currently, approximately $1.8 billion in new funds are flowing into the market daily, comparable to the level when Bitcoin price reached $64,000 in November 2021. In this cycle, the largest capital inflows occurred when Bitcoin prices reached $73,000 (peak of $3.6 billion) and $92,000 (peak of $4.5 billion). AXEL Adler Jr stated that this indicator shows investors still maintain the willingness to deploy large-scale funds even after setting new historical highs.
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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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