Bitcoin ($BTC) is nearing its all-time high price levels, but retail demand has decreased by 19.34% in the past 30 days, suggesting cautious investor behavior. Despite this dip, the on-chain structure of Bitcoin is not "stretched," indicating further potential for uptrends. The decline in retail demand is surprising given the price surge to all-time highs. However, institutional investors continue to push the price upward, highlighting the steady growth in Bitcoin adoption. The declining retail activity could present opportunities for new market entrants, and the retail sector's engagement will be crucial for determining long-term growth sustainability.



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