Lower rates usually mean more liquidity in the markets, which encourages people to invest in riskier assets like Bitcoin. Bitcoin On-Chain Analysis Shows Growing DemandLooking at Bitcoin’s on-chain data, there are signs of strong demand supporting the recent price rise. Also, there is a noticeable trend of Bitcoin moving off exchanges, which means holders are keeping their coins rather than selling. On-chain signals show holders feel confident and are not selling, reducing market supply. The price moving past $117,000 is a big step, with solid support levels ready to keep it steady.