The volume of on-chain transactions of up to US$10,000 is one way to track the activity of small investors, reflecting market sentiment among non-institutional participants.
This pattern of activity is much more sensitive to market sentiment and news than fundamentals, but it can be a source of information about the flow of capital on the network.
In the last 30 days, retail demand grew by about 13%, highlighting a scenario that was only seen in March, when we were close to the last historical high.
Note that in the last 4 months we have seen a decrease in the activity of these small investors, while whales maintained a high amount of transactions and absorption of coins.
This recent rise in bitcoin is causing small investors to return to trading, signaling the beginning of a pattern of lower risk aversion.
Written by caueconomy
