Coin World News Report:
Recent data shows that the cryptocurrency market has significantly rebounded, ending a four-month slump, driven by individual investors. According to CryptoQuant, the demand from these investors has grown by 13% in the past 30 days, marking a return to the levels seen in March this year.
What does the increase in demand mean?
CryptoQuant identifies on-chain transactions below $10,000 as an important indicator to assess the activity of individual investors. This measure effectively captures the capital flow within the cryptocurrency network.
Why are investors more confident now?
The surge in demand indicates that investors are turning towards higher risk tolerance, which may suggest the beginning of a bullish trend.
Bitcoin
The new institutional interest and favorable market conditions are supporting its performance. The recovery of small investors is also seen as a positive indicator of reduced risk aversion.
Key observations include:
A 13% increase in individual investor activity last month.
On-chain transaction volume below $10,000 is a reliable indicator of individual interest.
Institutional interest, particularly in Bitcoin spot ETFs, is on the rise.
Market experts state that Bitcoin is currently in a consolidation phase.
The resurgence of individual participation, coupled with sustained institutional enthusiasm, could pave the way for a significant increase in the price of Bitcoin. During this developmental stage, closely monitoring market trends is crucial for stakeholders.
