Amid the ongoing bear market, crypto analyst Darkfost reports that trading activity among Bitcoin retail investors has reached a new low, suggesting a notable decline in participation. However, broader on-chain data provides deeper context to this trend, pointing to a mix of both constructive and concerning underlying drivers.
Decoding Puzzling Moves By Bitcoin Retail Traders
In an X post on April 3, Darkfost shares that Bitcoin retail activity has established a record low, i.e, transactions of less than 1 BTC have reduced significantly. This analysis is based on data from Binance, which is the largest exchange by trading volume and the most patronized trading platform by retail market participants, also known as shrimps.
As of the time of the report, Darkfost states that the 30-day moving average of retail investors’ BTC inflows to Binance has fallen to 332 BTC, representing the lowest level since the launch of the exchange in 2017. Such a crash in retail investor activ
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