Analysis: The market's demand for Bitcoin is recovering, but the intensity has not yet reached the level of the previous several bull runs

BlockBeats News, October 29th, glassnode released a chart and analysis stating, "Bitcoin's bounce from $107,000 coincided with a return to positive net inflows for the US Bitcoin spot ETF. However, the current inflow volume is still below 1,000 BTC per day, significantly weaker than the daily inflows of over 2,500 BTC during the early stages of the current cycle's primary uptrend. Demand is recovering, but the intensity has not yet reached the levels seen in the previous uptrends."