According to experts, the reduction of onchain transactions with a volume of $ 10,000 among retail investors indicates their restraint and expectant position.
“At the moment, there is still no structural euphoria in the market, which leaves space for new growth impulses – subject to sustainable purchasing pressure,” Cryptoquant said.
Retail investors are still waiting for the peak growth of the first cryptocurrency to activate. The further development of the situation in the Bitcoin market will largely depend on external macroeconomic factors, analysts say.
Large players continue to accumulate the asset on their balance sheets. Their behavior is unlikely to undergo significant changes if force majeure circumstances in the market do not occur, experts emphasized.
Earlier, Cryptoquant experts suggested that as the current bitcoin cycle is completed, the dominance of the first cryptocurrency and the subsequent altcoin rally are expected.
Source: Bits
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