When analyzing the Bitcoin market, on-chain data reveals unique insights into the behavior of different market participants. Large entities, typically institutional investors, make decisions based on thorough analysis and long-term outlooks. In contrast, small entities or retail investors, driven more by short-term gains and market sentiment, create smaller transaction volumes. Recently, the activity levels of these retail investors have surged. On May 18, median transaction volumes for small entities hit a notable peak in activity, suggesting heightened market enthusiasm. However, there was an unexpected development in late May that...
Retail activity dominates Bitcoin, overshadowing institutional moves Retail activity dominates Bitcoin, overshadowing institutional moves
Retail investors' excitement has been fueling Bitcoin's growth in the past month, outpacing institutional transactions.
3 min read
Updated: May. 27, 2024 at 6:04 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.