Over the past seven days, Bitcoin (BTC) has steadily risen from over $84,000 to over $94,000 as investors rekindled interest. Despite the volatility to a low level of Bitcoin, the leading on-chain platform, Cryptoquant shares an analysis that supports $90,000 as the latest support level for BTC.
Bitcoin’s dormant capital awakens to boost momentum
The analysis shows that “apparent demand” for Bitcoin, a metric for measuring BTC purchases, has increased. This measured the change in inactive supply over the course of a year, rising from negative demand of -200,000 BTC due to a sudden rebound.
This indicates that dormant capital has re-entered the market and purchases are being picked up rapidly. Previously, the market experienced massive sales pressure and investor indifference.
Apparent Demand Indicator: Bitcoin Purchase Interest Rebounds Fast
“The strong bounce from extreme negative values (below -200K BTC) suggests that previously dormant capital has returned.” – @it_tech_pl pic.twitter.com/f7pqdaoqml
– cryptoquant.com (@cryptoquant_com) April 26, 2025
However, in the crypto market, we see buyers and investors returning their funds to Bitcoin, and prices could remain upward momentum.
This is generally considered a bullish signal and indicates a gathering if the trend applies. With stable climbs over the past seven days, Bitcoin has maintained a higher and lower price for most of its fluctuations. In particular, it has exceeded $90,000 for more than four consecutive days.
Can Bitcoin post another rallies?
As reported by U.Today, Bitcoin has been consolidated above the $94,000 level, indicating it is ready for another major gathering. The relative strength index of assets indicates the possibility of a more upward movement.
The current price increase is happening amid a new acquisition of Bitcoin through a Michael Saylor-led strategy. In response to Bitcoin regaining $95,000, Saylor expressed excitement with the symbolic phrase “Bitcoin is faster.”
Saylor may refer to BTC against traditional stock exchange top assets.
At the time of writing, Bitcoin priced at $94,367.04. This has increased by 0.76% over the past 24 hours. Investors remain active as trading volumes rose 14.76% to $35.46 billion.
