🔥🔥Bitcoin Could Break a Record If These Investors Step In: The Data Is Very Low! 🔥🔥

The data draws attention to the fact that the recent movement in the cryptocurrency market is not supported by individual or retail investors. The return of these investors to the market could affect prices upwards.

One of the most important indicators for evaluating the demand of retail investors is the download ranking of the Coinbase app. In the bull markets of 2017 and 2021, Coinbase stood out as the most downloaded app.

When Bitcoin broke its price record in March this year, Coinbase was again in the top 5. However, according to current data, the Coinbase app has now fallen to 438th place. This shows that the interest of retail investors has not yet increased.

How Does On-Chain Data Reflect the Market?

Investors who have purchased Bitcoin in the last 155 days are classified as short-term holders (STH). This group generally represents investors who enter the market when prices start to rise and follow trends.

Looking at historical data, the periods when Bitcoin peaks coincide with times when STH supply is high. However, the current rally is happening during a period when STH supply is falling, which shows that a peak has not yet been reached.

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