According to ChainCatcher, recent on-chain data reveals that the current market conditions mirror those when Bitcoin surpassed $100,000. The buying liquidity is depleting, with existing liquidity merely circulating within the market rather than expanding, indicating a stagnation. Without the influx of new funds, the imbalance between supply and demand remains unresolved. Historical data suggests that such imbalances are typically corrected through price declines
source: https://www.binance.com/en/square/post/33904865366017?utm_source=BinanceNewsRSS