Data from crypto exchanges like OKX and Binance show that retail trader activity for Bitcoin is currently at normal levels, lower than during previous bull and bear markets. Some observers believe that the market may be in a phase where it is waiting for retail investors to provide exit liquidity, while new whales accumulate BTC from older ones. Retail investors are lagging behind institutions in purchasing Bitcoin at the start of October, which is historically a bullish month for the cryptocurrency. Despite this, net inflows from smaller investors are still considered normal. The low activity from retail traders is notable compared to previous bull markets and even the bear market of 2019-2020. This behavior is often seen before retail investors enter the market en masse when Bitcoin prices approach new highs.
- Content Editor ( coindesk.com )
- 2024-10-01
Bitcoin Retail Inflows Hold Steady as Whales Pile In at Start of Historically Bullish October