Summary
- It was reported that as Bitcoin dropped approximately 7% from its all-time high, retail investor interest decreased.
- Retail investors' transfer volume shrank from $423 million to $408 million, and the retail demand change indicator also shifted to a downward trend.
- The analyst pointed out that the inflow of retail investors and an increase in trading volume are necessary to maintain a healthy bull market.
As Bitcoin experiences a correction from its all-time high, retail investor interest is visibly declining.
On the 5th (local time), CryptoQuant author Burak Esmeci stated, "As Bitcoin falls from its all-time high, retail investor interest is decreasing," adding, "Retail investors' transfer volume (ranging from $0 to $10,000) dropped from $423 million to $408 million, and as of 30 days, the retail demand change indicator also turned from +5 points to -0.11 points."
He further pointed out, "For a healthy bull market, continuous inflow and increasing trading volume from retail investors are necessary."
Meanwhile, Bitcoin, after hitting a record high of $111,000 on the 22nd of last month, has fallen about 7% and is currently trading around the $104,000 mark.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
