Data on the series shows that the demand for Bitcoin’s use is now neutral from retailers and can go towards a reflection to the upward trend.
Bitcoin retail volume is no longer decreased
As an analyst at QuickTake Cryptoquant explained mailThe demand between retailers may be about to grow again. An indication of the chain of importance here is “the request of a retail investor”, which is the measures, as its name suggests, the demand for the bitcoin network that exists between the smallest entities.
Since these investors have such small portfolios, their transactions tend to be small. Consequently, the demand for a retail investor uses the volume of collective transactions for small transfers (less than $ 10,000 in value) to track the activity of this group.
Now, here is the graph that is shared by the quantity that shows the trend in the percentage for 30 days to request the BitoCin retail investor over the past few years:
As shown in the graph above, the change has decreased for 30 days in requesting the Bitcoin retail investor to a large negative level earlier in the year, which means that the volume related to young investors decreased significantly during a 30 -day period.
Since this scale, the scale was climbing again and its value was today at about 0 %, which means that its withdrawal has ended. If the same path continues, it is possible that the indicator will lead to the positive area, which means growth in attention from retailers.
From the graph, it is clear that the last time he witnessed the retail investor request a break in the Green Zone before the march last year exceeding 100,000 dollars. At that time, the size of these investors continued to rise until it reaches the peak of about +30 %, which was almost interesting at the top of last year.
It may not be surprising that the original is unified when growth disappeared in the size of this group and a decrease in the activity.
Once again during the 2021 bull race, the retail investor request witnessed a decrease in the negative area similar to the one that witnessed earlier this year. Then the index reflected its value in an amazing way as it exceeded the mark of 0 % with a sharp increase and continued to rise up to the prominent green level. This shift in the retail investor coincided with the beginning of the second half of the 2021 march.
It remains now to see whether the retail volume will lead to a similar return this time as well, which is likely to mean the era of the bullish momentum of Bitcoin, or if it will take some time to recover.
BTC price
Bitcoin continued its last trend for unification during the past day, as its price is still trading around the level of 96300 dollars.
