Summary
- Bitcoin is nearing its all-time high, but participation from individual investors using leverage has significantly decreased.
- Option implied volatility (IV) has hit its lowest level in years, while the funding rate remains slightly positive.
- With the increase in global adoption of Bitcoin and the strengthening accumulation by long-term holders, the bull market is likely to continue even without individual investor participation.
Despite Bitcoin (BTC) nearing its all-time high, there is an analysis indicating that individual investor participation is not high.
On the 20th (local time), Matrixport reported that "Bitcoin is nearing its all-time high, but individual investors using leverage have significantly decreased," and "option implied volatility (IV) has hit its lowest level in years, while the funding rate remains slightly positive."
Furthermore, they stated, "This bull market seems likely to continue even without individual investor participation," due to "the strengthening accumulation of Bitcoin by long-term holders alongside its global adoption."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
