While this development demonstrates a rising market interest by these small investors, the analytic firm notes the pace of accumulation is significantly slow compared to historical data as retail investors only acquired a net 1,000 BTC valued at $66.31 million, in the last 30 days. Notably, the retail investor accumulation rate has been on a consistent decline since May 2023, when their holdings rose by 27,000 BTC worth $1.79 billion Therefore, CryptoQuant reports that these Bitcoin individual investors have only increased their investments by 30,000 BTC valued at $1.99 billion in 2024, which pales in comparison to the whale investors whose holdings have grown by 173,000 BTC worth $11.50 billion in the same period. During periods of price gain, low retail investor activity as discussed above can be concerning as it represents decreased market liquidity or even a lack of market confidence in the asset’s ability to sustain its current bullish trajectory. Alternatively, this lack of interest from small-scale investors also presents positive indications.
The analytics firm notes that Bitcoin transfer to exchange in January 2023 has decreased from a daily average of 2,700 BTC to 1,400 BTC in 2024, thus there is reduced selling pressure on the token. In addition, transfer activity among retail investors remains low, with transaction volume dropping to $326 million on September 21, the lowest level recorded since 2020.
Bitcoin Retail Investors’ Holding Grows At Historically Slow Pace – Report According to CryptoQuant, retail investors’ holdings have grown by 18,000 BTC valued at $1.2 billion over the last four months reaching a total new value of 1.753 million BTC worth $112.7 billion.
The story "Bitcoin Retail lnvestors Remain Cautious Despite Price Gain – Details" has 428 words across 61 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Bitcoin Retail lnvestors Remain Cautious Despite Price Gain – Details" was covered 2 days ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
