TechFlow news, October 23 — According to TheBlock, CryptoQuant analysts reported increased retail investor activity in Bitcoin during October, rising approximately 13% over the past 30 days. This trend coincides with growing institutional investor interest, reflecting an overall rise in market demand for Bitcoin.
Retail investors' on-chain activity is approaching the historical high levels seen in March 2024. Meanwhile, the total amount held in wallets containing less than 1 BTC has increased from 1.734 million BTC in mid-March to 1.752 million BTC.
In addition, on-chain transaction volumes valued below $10,000 indicate heightened participation by small investors. At the same time, although inflows into Bitcoin ETFs have previously boosted market confidence, recent price volatility remains a point of concern.
