Apparent Bitcoin demand shows long-term confidence

Description

Bitcoin may be slightly down from its recent highs, but on-chain data shows that the leading cryptocurrency remains on solid footing. According to analysis by CryptoQuant technical analysts, overall investor appetite for BTC is still intact, even as short-term holders appear increasingly nervous thanks to the recent price volatility. However, while the report indicates that long-term conviction remains high, market observers warn that short-term pressure could bring unwanted turbulence, a sentim...