Bitcoin Retail Traders Scarce as BTC Hits Highs
Summary
Bitcoin has reached record highs, surpassing $118,780, but retail investor interest remains low, as indicated by minimal Google search activity. Demand for spot Bitcoin exchange-traded funds (ETFs) is increasing, with over $1 billion in daily inflows recorded on two consecutive days. The current price surge is primarily attributed to institutional investors, with retail investors possibly feeling priced out. Search interest for Bitcoin is 60% lower than during a previous rally in November 2024. Some Bitcoin advocates believe retail investors think they have missed the opportunity to invest. Despite this, analysts suggest that Bitcoin's upward trend is not yet over, with strong ETF inflows totaling $2.72 billion over the past week.
