[Analysis] "Bitcoin shows increasing retail investor demand... upward potential ↑"
Summary
- Reports indicate Bitcoin's correction period has ended and retail investor demand is increasing, suggesting higher potential for upward movement.
- Retail investor activity improved to -2% from January's -20%, indicating improved market sentiment and positive factors for price appreciation.
- The increase in retail investor demand suggests the end of the correction phase and indicates potential for upward movement.
Analysis suggests that Bitcoin (BTC)'s correction period has ended and retail investor demand is rising again, indicating increased potential for upward movement.
On the 13th (local time), CryptoQuant author caueconomy analyzed, "Retail investor activity has decreased by about 2% over the past 30 days, which is a significant improvement from -20% recorded in January," adding that "periods of increased monthly retail investor demand typically coincide with improved market sentiment and are positive factors for price appreciation."
They further added that "consequently, the increase in retail investor demand suggests the end of the correction phase and indicates potential for upward movement." Meanwhile, Bitcoin is currently trading at $96,702.06 on CoinMarketCap, down 1.03% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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