CryptoQuant: Bitcoins rise is mostly led by institutions, with low retail investor participation

Odaily News CryptoQuant analysts said that the current Bitcoin upswing cycle is dominated by institutions and large investors, not retail investors. Retail investors have been reducing their holdings since the beginning of 2023, while institutional investors have been actively increasing their holdings since the beginning of 2024. Google Trends data shows that the search volume for Bitcoin is low, and there is no retail FOMO phenomenon during the bull market in 2021. Analysts believe that the fact that retail investors have not yet entered the market on a large scale means that the market still has room to rise, and when retail investors begin to pour in, it may mark the end of this cycle.