CryptoQuant: Bitcoin's rise is mostly led by institutions, with low retail investor participation
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Planet Daily News: CryptoQuant analysts indicate that the current Bitcoin upward cycle is led by institutions and large investors, rather than retail investors. Since the beginning of 2023, retail investors have been continuously selling, while institutional investors have been actively accumulating since the start of 2024. Google Trends data shows low "Bitcoin" search volume, without the retail FOMO phenomenon seen during the 2021 bull market. Analysts believe that the lack of mass retail entry suggests there is still room for market growth, and when retail investors begin to flood in, it may signal the approaching end of this market cycle.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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