Retail interest in Bitcoin has notably decreased following its all-time high of $123,077 on July 14. Analysts suggest this reduction may lead to a more stable price recovery.
Decline in Retail Interest for Bitcoin
After Bitcoin's record rise on July 14, many retail traders exhibited public concern. Santiment data shows that mentions of higher price targets, such as $130K and $160K, have significantly reduced. This trend aligns with patterns observed in recent months.
Arthur Hayes' Forecasts for Bitcoin
BitMEX co-founder Arthur Hayes has updated his forecast for Bitcoin, claiming he expects it to reach $250,000 by the end of 2025. He attributes this to increased wartime credit activity and the growth of stablecoin flows into U.S. Treasury bonds. Hayes believes these factors are injecting fresh liquidity into crypto markets.
Potential Recovery and Market Stability
Analysts suggest that with emotional retail investors sidelined, Bitcoin may find a stable point for recovery, possibly returning to the $120K level. Currently, Bitcoin is trading at $117,818.39, reflecting a 0.91% decline over the past 24 hours.
With the current drop in retail interest, the cryptocurrency market may become more stable. Analysts' forecasts, including those from Arthur Hayes, indicate potential long-term interest and price growth for Bitcoin.
