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Retail Participation Drops to Lows Despite Bitcoin Nearing ATH

From fxdailyreport.com

Bitcoin shocked the market in May with a new all-time high price level of $112,000. Nonetheless, the data from CryptoQuant indicates that the on-chain activity related to Bitcoin is diminishing to a significant extent despite its surge to the latest all-time high. The on-chain data and analytics platform used social media to share insights into waning engagement when it comes to retail investors. Retail Engagement Continues to Touch Low Levels: CryptoQuant’s statistics indicate that the Bitcoin ecosystem is experiencing a low participation. This points out that its price jump may not be as sustainable or healthy as ... (full story)

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  • Category: Fundamental Analysis