- Bitcoin has reclaimed and held above $90,000, with on-chain data showing a sharp rebound in “apparent demand” as dormant BTC reenters the market.
- Momentum is building, with Bitcoin consolidating above $94,000 and the RSI still signaling room for more upside.
- Investor activity is rising, fueled by renewed buying from institutions like Michael Saylor’s Strategy, and trading volume is up nearly 15% in the past 24 hours.
Bitcoin’s been putting in some serious work lately. Over the past week, BTC climbed from $84K to over $94K, and now, according to new insights from CryptoQuant, it looks like $90,000 might just be the new floor.
Dormant Bitcoin Capital Is Waking Up
One of the big signals driving this? “Apparent demand”—a metric that tracks how much of Bitcoin’s once-sleepy, long-inactive supply is suddenly moving again. Basically, coins that were sitting still for a year or more are back in action.
CryptoQuant pointed out that the market flipped from a -200K BTC demand (not great) to a solid rebound, meaning a lot of previously dormant Bitcoin is getting scooped up. Less apathy, more buying pressure. Always a good vibe when you’re rooting for prices to climb.
This shift suggests that investors are stepping back into the market, pushing BTC higher and giving those higher lows we’ve been seeing some real strength. For the past four days straight, Bitcoin’s kept its head above $90,000, even with the usual market wobbling.
Another Rally Incoming? Signs Point to Yes
As of now, Bitcoin’s been consolidating right above the $94K level. According to analysts (and honestly, just the way the chart looks), this could be setting the stage for another big breakout.
The Relative Strength Index (RSI) still shows room for more upside—meaning BTC isn’t overheated yet.
Adding a little extra spice to the bullish case, Michael Saylor and his squad at Strategy just loaded up on more Bitcoin, too. After BTC pushed past $95K, Saylor dropped a short but sweet post:
“Bitcoin is faster.”
Probably taking a not-so-subtle jab at how BTC’s outpacing a lot of traditional assets lately.
At the moment, Bitcoin’s sitting at $94,367, up 0.76% on the day. Volume’s popping too—up 14.76% to about $35.5 billion. Not bad at all for a market that just a few weeks ago was looking a little shaky.
Bitcoin’s holding strong above $90K, demand is real, and momentum’s building. If this keeps up, that next rally might not be too far off.
