Bitcoin Demand Surges Back to Bull Market Levels: Is Another All-Time High on the Horizon?

According to a recent analysis by CryptoQuant expert Axel Adler Jr, the demand for Bitcoin is nearing the peak levels seen during the previous bull market. Currently, the market is experiencing an impressive daily influx averaging around $1.8 billion, mirroring the activity witnessed when Bitcoin’s price soared to $64,000 in November 2021. Notably, the cycle’s highest inflows occurred at price points of $73,000 and $92,000, showcasing inflows of $3.6 billion and $4.5 billion, respectively. Adler emphasized that this sustained interest from investors hints at a strong appetite for large-scale capital deployment, even post a potential all-time high. The data reflects a resilient market sentiment, encouraging further observation as demand trends develop.