Editor's PiCK
"Individual investors’ demand for Bitcoin declines… Movement should be watched"
Summary
- A Kau Economy analyst reported that individual investor demand for Bitcoin has declined by 2.45% over the past month.
- The analyst noted that individual investors are not currently showing much enthusiasm, and their movements should be watched.
- It was further stated that participation from individual investors could act as a new catalyst for price increases, but weak engagement may lead to major investors leaving the market.
There is an analysis that demand from individual investors for Bitcoin (BTC) is decreasing.
On the 4th (local time), a Kau Economy analyst stated in a report, "Bitcoin’s retail demand has dropped by about 2.45% over the past 30 days," adding, "Individual investors have yet to show an enthusiastic attitude."
The report further highlighted the need to keep an eye on the actions of individual investors. The analyst said, "If individual investors participate in the market, it could act as a new catalyst for price increases," but also cautioned, "Weak participation from individual investors could trigger the exit of major investors. This is something to watch closely."
As of 4:37 p.m., Bitcoin is trading at $105,348, up 0.11% from 24 hours ago on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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