🧊 BTC is worth over $105K, but there is no euphoria in the market. Why?

📊 According to Glassnode, 89% of all Bitcoin transactions are now made by large investors (so-called 'high rollers'), and the average transfer is $36,200.

🔥 This means that retail players (ordinary people like you and me) have almost disappeared from the market — their activity has dropped sharply.

💡 What this means in practice:

– Large players dominate, which means — less panic, but also less volume that creates real hype.

– This could be a signal that the price increase is currently being supported by 'old-timers', not new demand.

📉 By addresses:

The number of active wallets in the network is now the same as it was in 2020, when the world was shocked by COVID and the crisis.

📉 Trading volumes both on-chain and on exchanges remain low.

→ People are not trading, and not entering en masse — no FOMO.

🧠 Yes, someone might say: 'BTC is held like gold, so it’s not moving'…

But if there were real interest — we would see it in the volumes and in new wallets.

📌 Conclusion:

A price above $100K is not a victory yet.

Without live crowd interest — it may not hold.

The market is currently a game for the strong and patient.

#BTC #Bitcoin #CryptoAnalytics #CryptoForBeginners