On-chain data shows the demand from retail investors for Bitcoin has slumped to 3-year lows, a sign that may be bearish for BTC.
Bitcoin Retail Investor Transfer Volume Has Plummeted Recently
As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, retail investor demand has seen a sharp decline recently. The “retail investors” here refer to the smallest investors in the Bitcoin market.
The transfer volume corresponding to them is generally used to track the demand for using the cryptocurrency that’s present among any cohort. In the case of retail investors, their transactions are typically valued at less than $10,000 due to their small size.
As such, Young Ju has cited the 30-day change in the total transfer volume for transactions of this size to show what the demand among retail investors is currently looking like.
Below is the chart shared by the CryptoQuant founder that displays the trend in this metric over the past few years.
As is visible
We współpracy z: https://bitcoinist.com/bitcoin-retail-demand-down-3-year-lows-data-reveals/
