Bullish signal: the activity of retail investors in BTC has decreased by 21.7% over the past 30 days. This is a record low since spring-summer 2021 (!). Such data is provided by #CryptoQuant.
It is worth noting that both then and in 2024, the dynamics of this indicator historically led to a price pump of #BTC. Everything is very logical - the crowd becomes disillusioned with the asset, and the asset takes off without them.
Indeed, CryptoQuant is not unconditionally bullish, and another analyst from the company notes that BTC dropping below $90,000 could increase selling pressure due to loss of investor confidence.
The CEO of #CryptoQuant, Ki Young Ju, meanwhile urges not to be swayed by the FUD surrounding the possibility of selling 69,370 BTC worth $6.5 billion by the US government. Stating that if this volume is directed for sale, the market is capable of absorbing this amount in just a week.
“Last year, $379 billion entered the market, taking into account realized capitalization - about $1 billion a day.
The sale of $6.5 billion by the US government can be absorbed in just a week.
Do not panic.
But there is panic. It is being incited, whether intentionally or not. Popular blogger The Moon Show (1.4 million subscribers), for example, today engaged in outright manipulation and deception, labeling his stream 'Sold BTC for $6.5 billion (crash is inevitable!)'. As confirmation of the crash scenario, he cites, of course, the chart of the first cryptocurrency.
The crowd is currently being shaken out of both altcoins and BTC. Convincing that BTC is no longer an option. Why is this being done? If you look at CryptoQuant's infographic on retail investors - before the pump.