🚀 The number of retail investors rushing into Bitcoin has reached a four-year high.
The Bitcoin (BTC) market is currently witnessing a strong comeback of retail investors, with demand far exceeding that of May 2020. This increase comes as Bitcoin heads towards the $100,000 mark, a price level that the cryptocurrency has faced significant challenges in the past.
⭐ Will the cash flow from retail investors be enough to push Bitcoin higher?
Market history has shown that Bitcoin prices tend to surge whenever demand from retail investors increases. Although "whales" and institutional investors still often play key roles in price fluctuations during the current cycle, according to recommendations from CryptoQuant, the situation may be changing.
⭐ Data also shows signs of positive change.
The retail investor demand index over the past 30 days has recorded a significant shift in the capital flowing into Bitcoin. Accordingly, the trading volume below $10,000 is increasing, indicating the growing influence of retail investors. Currently, this index has reached 27.15, the highest level in four years. The last time this index hit this level, the price of Bitcoin experienced a strong breakout from $9,500 to $37,000 in less than six months.
If history repeats itself, it can be said that BTC will have a chance to surpass the $100,000 mark in the near future.
