Experts have recorded the return of retail investors to Bitcoin
As the price of the first cryptocurrency remains at established levels, retail investors are becoming increasingly active. These conclusions were reached by CryptoQuant.
Such activity is often a sign of renewed trust and can serve as an additional catalyst for subsequent price movements.
Although they may not always choose the optimal time, the behavior of retail investors serves as an important barometer of sentiment. When entering the market, they generally create positive feedback, intensifying buying pressure, specialists explained.
Analysts classify users with balances of up to $10,000 as retail investors.
The associated demand metric (30 DMA) increased by 3.4% from April 28 to May 13.
Data: CryptoQuant. Experts have predicted the continuation of this trend if the bullish momentum is maintained and conditions are created for a new wave of asset adoption.
“We can expect growth in the number of active addresses, UTXO, as well as metrics such as the number of new addresses and the volume of transfers, which reflect the sustainable expansion of the ecosystem,” analysts explained.
Earlier, experts named the reasons for Bitcoin’s transition to consolidation after testing $105,000.
Recall that Standard Chartered urged to buy the first cryptocurrency and predicted its quotes to rise to $120,000 in the IV quarter.
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Experts have noted the return of retail investors to Bitcoin.
Experts have recorded the return of retail investors to Bitcoin
As the price of the first cryptocurrency remains at established levels, retail investors are becoming increasingly active. These conclusions were reached by CryptoQuant.
Such activity is often a sign of renewed trust and can serve as an additional catalyst for subsequent price movements.
Although they may not always choose the optimal time, the behavior of retail investors serves as an important barometer of sentiment. When entering the market, they generally create positive feedback, intensifying buying pressure, specialists explained.
Analysts classify users with balances of up to $10,000 as retail investors.
The associated demand metric (30 DMA) increased by 3.4% from April 28 to May 13.
Earlier, experts named the reasons for Bitcoin’s transition to consolidation after testing $105,000.
Recall that Standard Chartered urged to buy the first cryptocurrency and predicted its quotes to rise to $120,000 in the IV quarter.