Summary
- It has been analyzed that individual investor participation is low amid a Bitcoin rally led by institutional investors.
- It was stated that individual investor buying pressure did not influence the rise in Bitcoin prices.
- It was reported that whether individual investor trading volume increases in the future could play an important role in Bitcoin reaching an all-time high.
An analysis has emerged indicating that individual investor participation in the market remains low.
On the 28th (local time), a CryptoQuant contributor, burakkesmeci, stated in a report, "Despite Bitcoin reaching an all-time high, individual investor participation remains low," suggesting that this Bitcoin rally might be led by large whales or institutional investors.
According to the data, Bitcoin's price (white line) continues to show an upward trend. However, the '30-day change rate of individual demand (green line)' shows little change. This indicates that individual investor buying pressure has not influenced the rise in Bitcoin prices.
He further stated, "For sustained growth, individual investor participation is essential," adding, "If individual investor trading volume increases in the coming weeks, there is a possibility of reaching an all-time high again."
As of 5:09 PM, Bitcoin is trading at $108,878 on the Binance USDT market, down 0.75% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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