IntoTheBlock: Retail investors have low participation in Bitcoin’s rise above $60,000
According to Golden Finance, analysts from IntoTheBlock point out that on-chain data and network search trends show that retail investors have low participation during Bitcoin's rise above $60,000. The analysts added that although the transaction volume on the Bitcoin blockchain has been increasing, it is still far below the levels seen during the market peak in 2021.
The analysts stated, "Despite the incredible price action in Bitcoin, current data indicates a calm retail performance. This suggests that institutional investors may be dominating this phase. ETFs are seen as potential accumulation tools."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Backs Crypto at Summit with Bold Plans
Trump reveals crypto reserve strategy, stablecoin regulation, and U.S. leadership goals at crypto summit.Clear Rules Ahead: Stablecoin Regulation FrameworkMaking the U.S. the Global Crypto Capital
Bitnomial Launches First XRP Futures Contracts in US
Bitnomial introduces the first CFTC-approved XRP futures in the US, offering physically settled contracts to crypto traders.What This Means for Crypto TradersGrowing Regulatory Confidence in XRP
TRX Tokens Now Live on Solana Blockchain
TRX officially launches on Solana, offering faster, cheaper transactions for users and new opportunities for cross-chain DeFi.TRX Launches on Solana NetworkWhat This Means for TRX UsersThe Future of Cross-Chain TRX Usage
Canary files for PENGU ETF
Trending news
MoreCrypto prices
More
