CandleFocus CryptoQuant CEO Sees No FOMO in Retail Bitcoin Activity Despite Price Fluctuations
2024-11-27
Author: Content Editor
According to Ki Young Ju, the CEO of CryptoQuant, retail investors in the Bitcoin market are not exhibiting FOMO (fear of missing out) despite recent price volatility. The trading data suggests that users did not start buying Bitcoin when its price was near $100,000, but rather at lower levels below $92,000. The intensity of retail trading has remained stable, indicating that many amateurs have not made unsound decisions and may be waiting for a catalyst. This is in contrast to previous bull markets where retail investors drove market performance. QCP Capital's analysis supports this trend, attributing the current price decline to macroeconomic factors rather than fear. However, fundamental market factors suggest an uptrend in Bitcoin prices following the drop. Notably, there were significant outflows in Bitcoin, but institutional confidence in the asset remains strong, as evidenced by MicroStrategy's recent $5.4 billion investment in Bitcoin.
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