Institutional investors and major market players continue to build their positions in Bitcoin, while retail investors are primarily selling. This conclusion was drawn by analysts at CryptoQuant, noting that the activities of powerful funds and ETFs have become a key factor in the price increase of the leading cryptocurrency since the beginning of 2024.
This is reported by Finway
Large Capital Forms Long-Term Positions
According to updated data from CryptoQuant, retail players began selling Bitcoin as early as the start of 2023, while institutional investors ramped up their purchases at the beginning of 2024. Among market participants demonstrating sustained interest in accumulation, experts highlight funds, large institutions, and exchange-traded funds (ETFs).
“Such players typically form long-term positions, having a high level of confidence in further growth,” the report stated.
Retail Demand Remains Low
Analysts emphasize that despite significant accumulation of Bitcoins by large wallets, there are no signs of mass interest from retail investors in the global internet space. According to Google Trends, the number of searches for the term Bitcoin remains at minimal levels, and there is no buzz on social media that was observed in 2021. This indicates a lack of FOMO (fear of missing out) effect among the general public of private investors.
CryptoQuant noted that the return of retail players to the market could serve as a catalyst for the next wave of Bitcoin price growth. Experts believe that the potential for further market strengthening has not yet been exhausted, and the development of events will depend on the behavior of private buyers.