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Bitcoin Ready To Test All-Time High As Demand Returns To Feb Levels

  • Bitcoin has observed a rally beyond the $71,000 level as demand for the coin has increased.
  • The on-chain metric of Apparent Demand, which measures the difference between BTC production and changes in inventory, has surged to notable positive levels, reaching the same high as in February.
  • The recent burst of demand has accompanied a rally in Bitcoin's price, surpassing $72,000.
  • The Bitcoin Energy Value, a model that calculates fair value based on energy consumption in mining, has recently crossed the $100,000 level.

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