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Analysis: After four months of sluggishness, retail investors' on-chain activities have revived, with demand increasing by approximately 13% in the recent 30 days

Analysis: After four months of sluggishness, retail investors' on-chain activities have revived, with demand increasing by approximately 13% in the recent 30 days

Bitget2024/10/22 04:30
BTC-1.47%

CryptoQuant contributor caueconomy stated, "In the past 30 days, retail demand has grown by about 13%. Notably, in the past four months, the activity of these small investors has declined while whale players have maintained a large amount of trading and holdings.

The recent rise in Bitcoin is prompting retailers to return to trading, marking the beginning of a risk-averse sentiment decline pattern. On-chain transactions with a maximum value of $10,000 are one way to track small investor activity and reflect market sentiment among non-institutional participants. This type of activity pattern is more sensitive to market sentiment and news than fundamentals but can serve as an information source for fund flows on the network."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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