Odaily Planet Daily reported that CryptoQuant writer caueconomy stated: "In the past 30 days, retail demand has increased by about 13%. Notably, the activity of these small investors has declined over the past 4 months, while whale players have maintained large transactions and accumulation. Bitcoin's recent rise is prompting retail investors to return to trading, marking the beginning of a trend of decreasing risk aversion. The on-chain transaction volume of up to $10,000 is a way to track small investor activity, reflecting the market sentiment of non-institutional participants. This activity pattern is more sensitive to market sentiment and news than fundamentals, but it can serve as a source of information on capital flows in the network."