💥 Bitcoin's demand has rebounded significantly, surpassing 100,000 BTC, despite a substantial decline in January. According to CryptoQuant data, Bitcoin's apparent demand dropped by almost 90% over the past 30 days, from 207,964 BTC on January 1 to 33,587 BTC by January 31.

However, it has since recovered, exceeding 100,000 BTC in mid-February.

Historically, #Bitcoin demand peaked at 810,339 BTC on August 23, 2017, and 573,885 BTC on January 10, 2021.

The recent rebound is a positive sign, but it's essential to note that #demand remains below previous bull-cycle levels.

Bitcoin demand alert