According to data from the on-chain analysis platform CryptoQuant, as Bitcoin continues to rise, retail investors are gradually returning. Reports show that during major rallies in Bitcoin bull markets, active participation from retail investors has always played a key role, especially during bull markets where part of the momentum comes from retail investors chasing prices. Although retail activity in Bitcoin has been low over the past three months, the situation is changing.
Analyst Carmelo Alemán pointed out that the most sensitive retail investors to market volatility (holding amounts between $0 and $10,000) have started to buy significantly since Bitcoin's rebound on April 9. Between April 28 and May 13, retail purchasing volume increased by 3.4%, indicating a resurgence of confidence in Bitcoin's prospects, further boosting buying pressure and potentially driving the next wave of increases.
Additionally, the return of retail investors may indicate that a bull market is underway or just beginning. If Bitcoin continues to rise, it will attract more retail investors into the market, not only pushing up Bitcoin but also potentially prompting fund flows into DeFi, staking, futures, and other cryptocurrency products, driving a new wave of mass adoption in the entire cryptocurrency market. Currently, the price of Bitcoin is around $103,000, and retail investors are actively buying.
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"MICA Daily｜CryptoQuant Report: Retail Confidence Recovers, Bitcoin's Rally Looks Promising" was first published on (Blockke).
