Bitcoin price has recovered and reached $66,000, sparking discussion on whether retail investors and newcomers are returning to the market. However, a detailed analysis reveals a more complex situation. CryptoQuant analyst BinhDang broke down Bitcoin wallet activity and found that smaller retail investor groups, such as plankton and shrimp addresses, have shown minimal growth. This may be attributed to broader economic conditions and a decline in monetary flows discouraging new entrants. Nevertheless, retail investors in the "fish" category continue accumulating Bitcoin, suggesting potential for a final wave of FOMO that could drive Bitcoin to new heights.
- Content Editor ( newsbtc.com )
- 2024-10-15
Bitcoin Reclaims $66k But Retail Investors Lag—Is A Final FOMO Wave Coming?