Bitcoin Retail Demand Rises 3.4% As Small Investors Return To The Market – New ATH Soon?
Retail participation in the Bitcoin market is increasing, with on-chain data showing smaller investors re-entering the space. Wallets holding less than $10,000 in BTC are driving this trend, indicating growing confidence and potentially catalyzing price increases. The BTC: Retail Investor 30-Day Change indicator has shown a 3.4% rise in retail buying since April 28, reflecting a resurgence in small-investor activity. Increased retail participation may lead to diversification into other crypto assets. However, caution is advised due to the Exchange Stablecoins Ratio rising to 5.3, suggesting potential selling pressure as BTC reserves exceed stablecoin balances. Historical data indicates that similar spikes have preceded price corrections. Despite these warning signs, Bitcoin maintains bullish momentum, trading at $103,993 with positive technical signals.
