Bitcoin (BTC) Price Drops as Retail Investor Interest Hits 3-Year Low, Sparking Concerns
- 王林Original
- 2024-07-19 21:54:32828browse
Bitcoin price analysis shows a lack of retail engagement, sparking concerns about a major price increase.
Due to a significant decline in transactions under $10K, Bitcoin’s retail investor interest has dropped to its lowest level in three years. This metric, tracked by CryptoQuant, signals a downturn.
Despite the downturn in retail interest, some believe institutional investors are still active. However, spot Bitcoin ETF inflows fell by 87% on July 17, as reported by Farside.
Bitcoin price is also struggling to maintain a key support level, currently trading at $63,975.
As the market awaits a rebound in retail interest, the potential for a new Bitcoin bull run remains uncertain.
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