Retail demand declines, when will the market enter a frenzy
In the past 30 days, the on-chain Bitcoin transaction volume of retail investors, with transactions not exceeding $100,000, has decreased by approximately 2.45%. Small investors have not yet reached a frenzy in the current market.
Although these participants may use other investment tools such as ETFs and Bitcoin financial companies, the on-chain capital structure typically responds sharply to these fund flows, and there are currently no structural frenzy market characteristics.
However, the recent surge in Ethereum network activity, with frequent on-chain transactions, has seen ETH trading volume surpass that of Bitcoin, and market sentiment is clearly leaning bullish. This series of signals is viewed as a strong bullish indicator.
If the current momentum continues, Yixiu believes that the possibility of ETH hitting $2800 or even $3000 this month is worth looking forward to.
