- Bitcoin’s retail investor demand has fallen to a three-year low, dropping below negative 15% in the past 30 days.
- Spot Bitcoin ETF inflows in the U.S. decreased by 87% on July 17, totaling $53.3 million across 11 tracked products.
- Search interest for “Bitcoin” dropped 44% over the past three months since the halving event, indicating a decline in retail interest.
Bitcoin retail investor demand has reached a three-year low, sparking anxiety among crypto experts. Ki Young Ju, the creator of CryptoQuant, claimed that the average monthly change in retail demand for Bitcoin has fallen below -15 percent over the last 30 days. This reduction is based on the 30-day change in total transfer volume for transactions less than $10,000.
Institutional vs. Retail Transactions
Institutional transactions normally involve greater quantities, but ordinary investors play an important role in fueling huge market increases. Minkyu Woo, a CryptoQuant writer, underlined the need of considerable buying volume from ordinary investors in kicking off a meaningful bull run. Despite the present slump, the market has not received the expected volume from ordinary investors.
Jan van Eck, CEO of VanEck, stated that ordinary investors are expected to drive the majority of inflows into spot Bitcoin exchange-traded funds (ETFs) in the United States. However, current figures indicate a considerable drop in retail involvement. On July 17, spot Bitcoin ETF inflows in the United States decreased by 87% from the previous day, reaching $53.3 million across 11 monitored ETFs.
Bitcoin’s Struggle to Maintain Support Levels
Bitcoin has struggled to sustain important support levels, momentarily topping $65,000 on July 17 before falling down to $63,521. Since then, it has failed to break above this level, trading at $63,975 as of publishing, according to CoinMarketCap statistics.
Search interest in the keyword “Bitcoin” has dropped dramatically by 44% in the three months following the Bitcoin halving event. This drop in search interest, which generally implies broad interest among retail investors, highlights the market’s present lack of excitement.
The recent drop in retail demand for Bitcoin indicates a critical era for the cryptocurrency. Economists say the market would struggle to maintain a bull run without a rebound in retail interest. As Bitcoin faces these issues, the conduct of both retail and institutional investors will be widely watched.
Read Also:
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
