AI Summary:
According to BlockBeats, CryptoQuant analyst Caueconomy observed a roughly 2.45% decline in retail demand for Bitcoin transactions below $100,000 over the last 30 days. This indicates that small investors have yet to enter a state of market frenzy. While these investors may be engaging through ETFs and Bitcoin financial firms, on-chain capital flows usually react strongly to such activity. At present, there are no indications of a structural market frenzy.