The demand from retail investors in the past 30 days has reached the highest level since 2020, indicating an increasing interest in Bitcoin.

🔸This increase can explain the current strong demand, even as long-term holders begin to take profits.

Participation from retail investors often signals a local peak, but also indicates a growing market participation. When combined with interest from institutions, this could create a sustainable positive momentum.

Bitcoin is currently in a sideways phase, and retail demand may gradually decline. However, if Bitcoin surpasses the 100k mark, this could spark new excitement in the market.

Monitoring the interaction between retail and institutional activity is crucial, as strong participation from retail investors often signals optimism, while institutions provide the foundation for sustainable growth.