Bitcoin Retail Traders Scarce as BTC Hits Highs

Bitcoin has achieved a record -breaking maximum this week, yet retailed investors are reluctant to jump back to the market, according to the crypto of the researcher.

Demand for bitcoins (BTC) Funds traded on the Stock Exchange (ETF) will throw themselves on Thursday and Friday Recording a daily tide over $ 1 billionIt happened for the first time in two consecutive days.

Bitcoin leg up “controlled by institutions”

BitWise Head of Research André Dragosch said On Friday X in the post “Bitcoin is on new historical maximums, but the retail is almost nowhere,” points out the lack of Google search interest in “bitcoins” despite the maximum assets this week.

“The last leg is usually driven by institutions, ”Dragosch said.

Interest in Google Global Search for the term “bitcoins” is from 29 to 5 to 6-12. July increased by 8%, which coincides with the fact that on Wednesday Bitcoin interrupted the previous historically maximum of $ 111,970 and climbed to Friday to $ 118,780 to $ 118,780. according to Google Trends and Data Coinmarketcap.

However, interest in bitcoins is 60% less than a week of 10 – 16 November, 2024, a week after Donald Trump won the US presidential election.

This period was followed by a monthly assembly that powered bitcoins to reach $ 100,000 for the first time on December 5th.

Bitcoiners say that retail thinks ‘missed a ship’

Some supporters of bitcoins speculate that retail investors can perceive the current Bitcoins price as too high to enter the market.

Bitcoin commentator Lindsay Stamp said“I think many retail people find that the price of one bitcoin is 117k and I think I missed the ship and didn’t even give it to it.”

Echo -like sentiment, bitcoin matrix podcast guest Cedric Youngelman said On Saturday’s post X “For what Bitcoins price do you think will wake up in retail?” I’ll go first. I don’t think they’re coming for a long time. ”

The Bitcoin analyst onchain Willly Woo said Bitcoin’s uptrend is far from over. “This run in it has a lot of legs left,” woo said In Saturday’s post X.

Related: The price of bitcoins is expected to accelerate if it is secured daily close to 113,000

Meanwhile, the spot of bitcoin ETF had a strong trading week with an influx of $ 2.72 billion in five days, according to on Farside Data.

Caintelegraph recently announced 5th July that if End of BTC ETF holder Share a retail client, it may be time to consider how data onchain is interpreted, because it could represent the reality of the retail demand of bitcoins.

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