CryptoQuant Analyst: Bitcoin's trading volume on January 3 has decreased by 91% compared to its peak when it first broke $100,000

ChainCatcher news, CryptoQuant analyst Axel Adler stated that Bitcoin needs to accumulate more trading volume if it wants to rise above $105,000 in January. Adler said, "The market structure remains bullish, with no obvious signs of overheating. We lack sufficient trading volume for a strong push. Therefore, we are waiting for the market to recover from the holidays."

On January 3, Bitcoin's daily trading volume exceeded $66.7 million, a 91% decrease from $743 million when it first broke the $100,000 mark on December 5 last year.

Nevertheless, analysts remain optimistic about Bitcoin's trajectory in 2025, predicting a range between $160,000 and $200,000, thanks to expectations of improvements in U.S. financial policy and a growing risk appetite among investors.