📉 Retail Demand Declines: No Euphoria Yet in the Crypto Market

Over the past 30 days, on-chain data reveals a 2.45% decrease in retail demand, specifically in transactions up to $10,000. This suggests that smaller investors have not yet entered a euphoric phase in the current market.

Despite Bitcoin’s recent price movements—currently trading around $104,415, with an intraday high of $105,220 and a low of $101,358—the lack of significant retail participation indicates that the market hasn’t reached a peak exuberance.

This subdued retail activity implies that there’s still room for growth, provided there’s sustainable buying pressure and favorable external factors.

Key Takeaways:

• Retail transactions (≤$10K) have decreased by 2.45% in the last month.

• Current market conditions lack the typical signs of retail-driven euphoria.

• Potential for further upward movement exists if supported by consistent buying and positive external influences.