Opinion: The demand for Bitcoin by retail investors has increased by 13% in the past 30 days, proving a resurgence in market risk appetite
ChainCatcher news, according to Cointelegraph citing on-chain analysis platform CryptoQuant, in the past 30 days, the number of small Bitcoin transactions (below $10,000) has increased by 13%, reflecting that retail investors are gradually returning to the market and echoing with the rising trend of Bitcoin prices.
CryptoQuant analyst Cauê Oliveira pointed out: "In recent 30 days, retail demand has grown by about 13%. This phenomenon only occurred when Bitcoin was close to its historical high in March this year. Over the past four months, small investors' activity has declined while large holders have maintained high-frequency trading and fundraising." Data shows that in the 30 days before October 20th, Bitcoin's price rose nearly 10%.
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.
You may also like
Post-00s trader 0xRay518 heavily shorted ETH, incurring a weekly loss of $4.31 million
Apple M5 chip may debut this week along with the launch of three new products
Grvt: TGE target date set for Q1 2026, total community airdrop allocation increased to 22%
Huajian Medical establishes U.S. subsidiary to advance stablecoin and intellectual property securitization
Trending news
MoreCrypto prices
More
