#2026年比特币价格展望 On-Chain Signal Alert: Looks like a rebound in price, but the underlying demand is still dormant



Recently, I’ve been analyzing reports from CryptoQuant and comparing them with the demand curve chart. I found an interesting phenomenon — price and demand are moving in opposite directions.

Bitcoin’s price has already rebounded above $93,000, which seems promising. But if you open the chart of the 0-day cumulative apparent demand, you'll notice a subtle signal discrepancy: the blue demand line has not followed the price upward after January 2026. Comparing this with the two real bull markets in early 2024 and mid-2025, the current demand strength is clearly much weaker.

Why is this discrepancy worth caution?

A core reason is that market trading sentiment is quite polarized, and on-chain capital flows are not very active. Simply put, the price has gone up, but the new capital driving it higher has not kept pace. The current rally appears more like a temporary easing of market selling pressure rather than a sign of continuous influx of large funds and new money.

This raises a question: at the $93,000 level, is the price more likely a result of short-term liquidity repair rather than a solid foundation of increased demand? To use an analogy, it’s like gasoline prices rising, but the average daily customer flow at gas stations hasn’t actually increased.

There is an important observation window in the coming weeks. After the holiday, if on-chain data still shows no significant improvement, this price rebound could become quite fragile. A true bull market always involves demand and price moving together, not just a one-sided price rally. If the market wants to break through and stabilize at $100,000, that blue demand curve must show strong upward signals.

Experience teaches us a simple truth: prices are easily driven by sentiment, but on-chain data is hard to fake. While celebrating the price recovery, it’s better to focus on the real engine — is demand truly starting to pick up? That’s the key factor determining how far the market can go in the future.
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MEVictimvip
· 01-07 09:05
$93,000 rebound? Looks good but the data is disappointing, the demand line needs to wake up This rebound in price feels unconvincing, on-chain data just isn't keeping up It's another liquidity repair trick, where's the new money? If it really breaks through 100K, that blue line must be strong
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NotAFinancialAdvicevip
· 01-07 09:05
It's just a price show, let's wait and see what on-chain data says.
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BakedCatFanboyvip
· 01-07 09:03
The price is just acting again, and the demand line is still sleeping. --- A typical false rebound, this is the trick in the crypto world. --- Wait, am I the only one who thinks 93k is like a trap? --- On-chain data doesn't lie, but the price is lying. --- Where are the real big funds? They haven't caught up at all. --- This rebound feels like the last gasp of a dying horse. --- The demand curve continues to lie flat. How to break through $100,000? Dream on. --- Suddenly realizing I've been looking at false signals all along, it's incredible. --- It feels like the market is just bleeding out the last retail blood. --- After all this time, I was hoping for this, but I'm a bit disappointed. --- The price is rising, but who can believe in this purchasing power? --- Data after the holiday is the real truth-teller. --- Another one-sided show. I'm tired of it.
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0xSleepDeprivedvip
· 01-07 09:01
Prices are awkward, demand hasn't awakened yet... Just an inflated figure --- It's the same story every time, always talking about demand, but isn't it still going up? --- It feels like recent activity is just institutions shaking out, retail investors just taking the bait --- Without real money entering the market, this 93k is just a paper tiger, a fortress made of paper --- On-chain data never lies, I love hearing that, but in reality, it always gets proven wrong haha --- Let's wait and see how it performs after the holiday, most likely just another false alarm --- To put it simply, no one is truly buying, it's all an emotional game --- Close to 100,000? It still looks far to me, if demand doesn't move, don't even think about it
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LeekCuttervip
· 01-07 08:43
Prices are all fake; looking at on-chain data is the real way to go. --- Same old story, if demand doesn't keep up with the price, it's just a fake rally that will eventually pull back. --- 93k still boasting? Wake up, no real money has entered the market. --- Can't hold it anymore, it's just another false rebound story. --- The key is that blue line needs to rise; otherwise, it's all pointless. --- Every time I analyze like this, yet the price still goes up... Should I trust on-chain data or the wallet? --- Talking nicely, but it's the same as not saying anything. When will demand start? Give a timeline. --- That's why I never look at price charts anymore, I go straight to on-chain data.
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