According to IT Tech data, retail demand for Bitcoin has significantly decreased, reflecting changes in investor behavior in the cryptocurrency market.
Drop in Retail Demand for Bitcoin
Data analysis shows that the number of wallets holding Bitcoin from $0 to $10,000 has decreased by 10% over the past month, reaching a 12-month low.
Consequences of Reduced Activity
The drop in retail demand may indicate a potential turning point in the market. The inactivity of smaller investors could be linked to growing interest from wealthier investors and institutional buyers.
Speculations on Potential Bullish Signal
The decline in retail demand occurs against a backdrop of stable Bitcoin prices, which remain above $108,000. This raises speculation that diminishing interest from retail investors could signal a potential bullish trend in the market.
The decline in retail demand for Bitcoin reflects changes in market participation and could herald significant shifts in the future.
