{"id":649138,"date":"2024-10-22T09:00:21","date_gmt":"2024-10-22T09:00:21","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=649138"},"modified":"2024-10-21T17:43:39","modified_gmt":"2024-10-21T17:43:39","slug":"bitcoin-retail-activity-soars-after-4-month-slump-would-a-72-rally-follow","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoin-retail-activity-soars-after-4-month-slump-would-a-72-rally-follow\/","title":{"rendered":"Bitcoin Retail Activity Soars After 4-Month Slump\u2014Would A 72% Rally Follow?"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin has recently seen an uptick in retail investor activity following months of subdued participation, according to a <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/67164c44fb0ff075545330a3-Retail-on-chain-activity-returns-after-4-months\" target=\"_blank\" rel=\"noopener nofollow\">report<\/a> by CryptoQuant analyst caueconomy.<\/p>\n<p data-pm-slice=\"1 1 []\">The analyst highlighted this in a post on the CryptoQuant QuickTake platform, disclosing how this return in retail demand could be one of the signs of a bull market.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoin-investors-miners-unusual-exchange-inflow\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Bitcoin Retail Activity Returns After 4-Month Decline<\/h2>\n<p data-pm-slice=\"1 1 []\">The CryptoQuant analyst noted that<a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoin-investors-miners-unusual-exchange-inflow\/\" target=\"_blank\" rel=\"noopener \"> on-chain transaction<\/a> volumes of up to $10,000\u2014a key indicator of retail investment\u2014have increased by approximately 13% in the past 30 days.<\/p>\n<p data-pm-slice=\"1 1 []\">This marks a shift after four months, during which smaller investors were largely inactive. caueconomy wrote:<\/p>\n<blockquote><p>Note that in the last 4 months we have seen a decrease in the activity of these small investors, while whales maintained a high amount of transactions and absorption of coins.<\/p><\/blockquote>\n<p>The analyst further explained that the increase in small investor activity is typically more sensitive to market sentiment and news than fundamental factors. Additionally, it provides an<a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/analyst-points-to-key-bitcoin-metric-indicating-a-strong-uptrend-90k-in-sight\/\" target=\"_blank\" rel=\"noopener \"> early indicator of capital flows<\/a> into the Bitcoin network.<\/p>\n<p>As mentioned by caueconomy, this rise in retail demand, which hasn\u2019t been observed since March, could signal the beginning of a trend toward &#8220;lower risk aversion&#8221; among non-institutional market participants.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/342335\/quicktake\/om4Opouqr_835757c770ef82cfe198db3feca5e44a296ea8c52e2dd4b7fb06f523e6e9516a.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin retail investors.\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin retail investors. | Source: CryptoQuant<\/figcaption><\/figure>\n<p>Notably, this increase in small investor activity comes at a time when Bitcoin\u2019s price has seen <a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-leverage-ratio-witness-notable-spike-bullish-or-bearish-for-price\/\" target=\"_blank\" rel=\"noopener \">constant increase<\/a> in the past week, with the cryptocurrency recently attempting to reclaim the $70,000 mark.<\/p>\n<h2 data-pm-slice=\"1 1 []\">An Outlook On BTC&#8217;s Price\u201472% Rally Next?<\/h2>\n<p>While retail demand appears to be returning, Bitcoin faces a minor retracement after its recent attempt to break the $70,000 price mark earlier today.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/WcvxywZ8\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=OANDA%3AXAUUSD\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>The crypto asset reached a high of $69,431 earlier today but has since fallen by 2.4% in the past 24 hours, bringing the current price down to $66,951. Despite this slight dip, market sentiment among analysts remains optimistic about <a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoin-whales-grew-substantially-during-last-dip-data-shows-large-holder-accumulation\/\" target=\"_blank\" rel=\"noopener \">Bitcoin&#8217;s future potential<\/a>.<\/p>\n<p>One notable analyst, Javon Marks, recently took to X to <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/52196348?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">express<\/a> his bullish outlook for Bitcoin. Marks highlighted a potential 72% price increase that could push Bitcoin to $116,000 or higher.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoin-whales-grew-substantially-during-last-dip-data-shows-large-holder-accumulation\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Whales \u2018Grew Substantially\u2019 During Last Dip, Data Shows Large-Holder Accumulation<\/a><\/div>\n<p>According to his analysis, Bitcoin has been working around a key price level of $67,559. Despite the recent pullback, several bullish patterns\u2014such as Hidden Bullish Divergences\u2014suggest that Bitcoin may soon break above this level. If Bitcoin successfully crosses this threshold, it could\u00a0<span style=\"margin: 0px;padding: 0px\">in<a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/7-reasons-bullish-bitcoin-this-week\/\" target=\"_blank\" rel=\"noopener \">crease<\/a><\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/7-reasons-bullish-bitcoin-this-week\/\" target=\"_blank\" rel=\"noopener \">\u00a0price movement<\/a> toward $116,652.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Back to the basics for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Bitcoin<\/a> (BTC) again and a &gt;72% move to $116,000+ still looks likely \u26a1\ufe0f!<\/p>\n<p>In this setup, we see Bitcoin working on a key level at $67,559, after a monumental, more than 333% climb to reach + break above it before pulling back since March.<\/p>\n<p>Now, during this\u2026 <a href=\"https:\/\/t.co\/iocZrLlRGx\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/iocZrLlRGx<\/a> <a href=\"https:\/\/t.co\/XCrjd56w3W\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/XCrjd56w3W<\/a><\/p>\n<p>\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/52196348?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">October 21, 2024<\/a><\/p><\/blockquote>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has recently seen an uptick in retail investor activity following months of subdued participation, according to a report by CryptoQuant analyst caueconomy. The analyst highlighted this in a post on the CryptoQuant QuickTake platform, disclosing how this return in retail demand could be one of the signs of a bull market. Related Reading: Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity Bitcoin Retail Activity Returns After 4-Month Decline The CryptoQuant analyst noted that on-chain transaction volumes of up to $10,000\u2014a key indicator of retail investment\u2014have increased by approximately 13% in the past 30 days. This marks a shift after four months, during which smaller investors were largely inactive. caueconomy wrote: Note that in the last 4 months we have seen a decrease in the activity of these small investors, while whales maintained a high amount of transactions and absorption of coins. The analyst further explained that the increase in small investor activity is typically more sensitive to market sentiment and news than fundamental factors. Additionally, it provides an early indicator of capital flows into the Bitcoin network. As mentioned by caueconomy, this rise in retail demand, which hasn\u2019t been observed since March, could signal the beginning of a trend toward &#8220;lower risk aversion&#8221; among non-institutional market participants. Notably, this increase in small investor activity comes at a time when Bitcoin\u2019s price has seen constant increase in the past week, with the cryptocurrency recently attempting to reclaim the $70,000 mark. An Outlook On BTC&#8217;s Price\u201472% Rally Next? While retail demand appears to be returning, Bitcoin faces a minor retracement after its recent attempt to break the $70,000 price mark earlier today. The crypto asset reached a high of $69,431 earlier today but has since fallen by 2.4% in the past 24 hours, bringing the current price down to $66,951. Despite this slight dip, market sentiment among analysts remains optimistic about Bitcoin&#8217;s future potential. One notable analyst, Javon Marks, recently took to X to express his bullish outlook for Bitcoin. Marks highlighted a potential 72% price increase that could push Bitcoin to $116,000 or higher. Related Reading: Bitcoin Whales \u2018Grew Substantially\u2019 During Last Dip, Data Shows Large-Holder Accumulation According to his analysis, Bitcoin has been working around a key price level of $67,559. Despite the recent pullback, several bullish patterns\u2014such as Hidden Bullish Divergences\u2014suggest that Bitcoin may soon break above this level. If Bitcoin successfully crosses this threshold, it could\u00a0increase\u00a0price movement toward $116,652. Back to the basics for #Bitcoin (BTC) again and a &gt;72% move to $116,000+ still looks likely \u26a1\ufe0f! In this setup, we see Bitcoin working on a key level at $67,559, after a monumental, more than 333% climb to reach + break above it before pulling back since March. Now, during this\u2026 https:\/\/t.co\/iocZrLlRGx pic.twitter.com\/XCrjd56w3W \u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) October 21, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":649144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,680,6848,1119,78790,10923,83531],"class_list":["post-649138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-bitcoin-price-analysis","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Bitcoin Retail Activity Soars After 4-Month Slump\u2014Would A 72% Rally Follow?<\/title>\n<meta name=\"description\" content=\"Bitcoin has recently 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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