Over the past week, Bitcoin (BTC) has been doing what it does best—making us all sweat—as it climbed from a slightly nerve-wracking $84,000 to a somewhat comforting $94,000. Investors, it seems, are dusting off their wallets and remembering why they got into this wild crypto rodeo in the first place. Enter CryptoQuant, an on-chain analytics wizard, who confidently declares that $90,000 isn’t just a number now—it’s the new fortress of Bitcoin’s price support.
Bitcoin’s Sleeping Giant: The Capital Awakens (Yawn) 🌞
According to these digital fortune tellers, the “apparent demand” for Bitcoin has shifted from hibernation to caffeinated investor frenzy. This slightly cryptic metric tracks how many bitcoins, dormant for a year or more, suddenly feel like joining the party again. After dipping into the rather gloomy territory of negative 200,000 BTC, this demand has bounced back like a cat with a vendetta.
What it really means is that long-forgotten coins decided to wake up from their blockchain slumber and get back into the game, pushing buying activity upward. Just recently, the market looked like a sad, deflated party balloon dominated by selling pressures and “meh” attitudes.
Apparent Demand Indicator: Bitcoin Buying Interest Rebounds Sharply
“A strong bounce from extreme negative values (below -200K BTC) suggests that previously dormant capital is rotating back in.” – By @IT_Tech_PL
— CryptoQuant.com (@cryptoquant_com) April 26, 2025
So despite the recent drama worthy of a daytime soap, buyers are coming back like a boomerang, and Bitcoin seems primed to keep climbing the ladder—or at least hold steady above that critical $90,000 line.
The market’s newfound enthusiasm is generally a green flag waving furiously at the prospect of a rally. The past seven days look like Bitcoin’s version of “slow and steady,” with higher lows on most days and a four-day VIP pass above $90,000.
Is Another Bitcoin Rally Just Around the Corner? 🤔
According to the gossip over at U.Today, Bitcoin now lounges just above $94,000, flexing its Relative Strength Index muscles—it’s like Bitcoin’s personal fitness tracker hinting, “Yep, I’m ready to sprint again.”
This mini-price uptick coincides with the Michael Saylor-headed Strategy swooping in to snap up more bitcoins. Saylor, who’s basically crypto’s equivalent of a rockstar manager, reacted to Bitcoin nabbing $95,000 by proclaiming, “Bitcoin is faster.” This is likely Saylor’s cheeky jab at traditional stock markets, which, let’s be honest, move at the speed of a sleepy tortoise compared to this digital beast.
As of this not-so-average moment, Bitcoin’s price sits around $94,367.04, enjoying a modest 0.76% hike over the past day. Meanwhile, trading volume is sprinting ahead, up by nearly 15% to a dizzying $35.46 billion, which means investors aren’t just watching from the sidelines—they’re all in, ready for whatever comes next.
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2025-04-26 14:59