According to Foresight News, as Bitcoin enters price discovery mode, the market is concerned about whether retail FOMO has set in. Active addresses and market indicators show that retail interest has not yet reached the level of the early bull market.
The number of new Bitcoin addresses is growing slowly, with about 791,000 new addresses added in one day last year. Google Trends shows that the number of searches for "Bitcoin" has increased, but is still below the historical peak.
The limited transfer of Bitcoin from long-term to short-term holders indicates that holders have confidence in the market's upside potential. The spot-driven rise shows increasing market stability.
The increase in the number of whale addresses holding more than 100 BTC indicates that large investors are confident in the current price level. The market structure shows that there may be larger retail investors driving the rise in the future.
