Bitcoin Bulls, who still think that the peak of the cycle has not yet arrived, because retail investors have not yet arranged, they can utilize the old-fashioned textbook, according to the cryptographic director.
“The idea that the cycle is not completed just because the retail activity on the market is absent, requires re -consideration”, founder and general director of Cryptoquant Ki Newborn he said In the post of March 19.
He said that tracking retail movements with only Onchain indicators would not see a full picture.
“Retail sales probably entering ETFS – a paper layer of bitcoins – which does not appear on the site,” he said.
“This maintains a lower cap lower than if the funds flowed directly on the deposit portfolios,” he added, noting that 80% of the flow of the stock exchange fund (ETF) from the stock market industry (ETF) comes from retail investors-Trend, which Binance analysts have already observed in October last year.
Since the premiere of ETF Bitcoin in January 2024, the influence was about $ 35.88 billion. Source: Paternal
At that time, analysts stated that most ETF purchases probably came from retail investors transferring their shares from portfolios and exchange for funds with more regulatory protection.
He reacted to counterarguments to his earlier forecast for X that “the Bitcoin bull cycle ended” on March 17.
“Over the past two years, I called the bull market, even when the indicators were border. I’m sorry that I changed my view, but now it looks quite bright that we are entering the bears,” he said.
He has already explained that some indicators show a lack of novel liquidity, which is probably driven by macro factors.
He also explained when he said that the cycle of bulls was over, he meant that Bitcoin could devote “6-12 months” to break his highest level, not that he is to disappoint.
Related: Bitcoin simply sees “normal correction”, the peak of the cycle is still coming: Analysts
Traders often look at the activity of retail investors in order to see signs of exhaustion or as a signal to start sales when the market seems overheated.
There are several mood indicators that assist market participants understand the level of retail interest on the market. One of them is the Crypto Fear & Greed index, which means General sentiment of the cryptographic market, reading the result of “fear” of 31, a decrease by 18 points from the “neutral” score 49 yesterday.
Other popular signals used to track the level of retail interest in the cryptocurrency market are Google Search Trends for “Crypto” and related keywords as well as the popularity of cryptographic applications in main stores with applications around the world.
While searching for Google result In the case of “Crypto” around the world, it was 100 in the week 19-25, when Bitcoin reached the highest level of USD 109,000 and the inauguration of US President Donald Trump, since then it dropped by almost 62%.
The number of searches in Google “Crypto” has dropped by almost 62% from the end of January. Source: Google trends
At the time of publication, the Google “Crypto” search result is 38, and Bitcoin trads 22% below its highest level in January.
Warehouse: Memecoins are ded – but Solana “100x better” despite the decrease in revenues
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
