CryptoQuant: Bitcoin's rise mostly driven by institutions, with low retail participation
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CryptoQuant: Bitcoin's rise mostly driven by institutions, with low retail participation
CryptoQuant analysts say the current Bitcoin bull cycle is being driven by institutions and large investors rather than retail investors. Retail holders have been consistently reducing their positions since early 2023, while institutional investors began actively accumulating from early 2024. Google Trends data shows low search volume for "Bitcoin," with no sign of the retail FOMO seen during the 2021 bull market. Analysts believe that the fact retail investors have not yet entered the market en masse suggests there is still room for price growth, and a surge in retail participation could signal the approaching end of this cycle.
Navigating Web3 tides with focused insightsTechFlow, July 24 — CryptoQuant analysts said the current Bitcoin bull cycle is being driven by institutions and large investors rather than retail investors. Retail holders have been consistently reducing their positions since early 2023, while institutional investors began actively accumulating from early 2024. Google Trends data shows low search volume for "Bitcoin," with no sign of the retail FOMO seen during the 2021 bull market. Analysts believe that the lack of significant retail participation suggests further upside potential, and a surge in retail inflows could signal the nearing end of this cycle.
