Editor's PiCK

"Demand for Bitcoin Investors Surges... Largest Since 2020"

Source
YM Lee

Summary

  • Interest in small-scale investors in Bitcoin (BTC) has surged to its highest level since 2020.
  • A sustained positive momentum is forming through the combination of long-term and small-scale investors.
  • If Bitcoin's price rises further, strong demand is expected due to increased buying pressure.
Image=CryptoQuant X
Image=CryptoQuant X

Interest in Bitcoin (BTC) among small-scale investors has been rapidly increasing. On the 4th (local time), CryptoQuant's Dark Forest analysis platform reported that the 30-day demand for small-scale investors conducting trades under 10,000 dollars has reached its highest level since 2020. It was stated that the interest of these investors continues to rise.

Despite some long-term investors realizing profits, strong demand from new investors is emerging, creating a sustained positive momentum through the combination of institutions and retail investors.

The Dark Forest analysis predicts that if Bitcoin continues to show bullish trends, the demand from small-scale investors may decrease, but if it surpasses 100K, a significant influx of buying pressure is expected.

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YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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