Summary
- It was reported that the influx of retail investors is necessary for Bitcoin's further rise.
- The decrease in Bitcoin's exchange holdings is analyzed as investors showing faith in price increase.
- It was stated that further rise to Bitcoin's peak is difficult at the current level.
An analysis has emerged stating that the influx of retail investors is essential for Bitcoin (BTC) to rise further.
On the 10th (local time), CryptoQuant author Joohyun Ryu said, "The amount of Bitcoin held on exchanges is continuously decreasing, indicating that investors are transferring assets to personal wallets rather than selling, and they have faith in the price increase. However, more short-term investors are needed for the price to rise."
He further emphasized, "Despite the rapid increase in those holding for less than three months among short-term holders, the current level alone makes it difficult for further rise to the peak. More retail investors need to be attracted for additional growth."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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