[Analysis] "Signs of Bitcoin Retail Investor Sentiment Recovery...Price Rebound Possible"
Summary
- The increase in retail investor interest in Bitcoin suggests the possibility of a price rebound.
- The surge in "30-day demand change rate" to neutral zone signals retail investor demand recovery.
- Analysis of historical data showed that demand recovery has been associated with short-term Bitcoin price increases.
Analysis suggests that individual investors' Bitcoin (BTC) sentiment is showing signs of recovery.
Darkfrost, a CryptoQuant contributor, stated on X on the 24th, "The 30-day demand change has surged to around 0%, a neutral zone," adding that "this indicates that retail investors' interest (in Bitcoin) is increasing again."
He also suggested the possibility of Bitcoin price appreciation. He analyzed, "The recent demand change rate is the first observed since 2021," and noted that "historical data shows that recovery in retail investor demand has sometimes been associated with short-term Bitcoin price increases." He added, "After the demand change rate fell to -19% last July and recovered, it took about 3 months for price reaction," suggesting that "if the pattern repeats, it may take some time until price rebounds."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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