tldr; Despite a recent rally in Bitcoin, retail activity remains low. In past bull markets, high retail participation was evident, such as the Coinbase app topping download charts. Currently, it’s ranked 438. Short-term holders own about 2.5 million Bitcoin, a level seen in bear markets. NFT-related gas usage on the Ethereum network has also dropped significantly. The lack of retail involvement raises questions about the sustainability of the current rally, as retail participation often signals market peaks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kirtash93 on
Time to keep accumulating before the real party starts this Uptober 🚀
InclineDumbbellPress on
This rally… does it speak to you?
diwalost on
Activity price divergence is a thing after all.
etherd0t on
October rally… is wobbling;
Yes, it’s in the books, meant to happen, destined (Fed rate cut, ETF’s, overdue, the stars)… but geopolitics is a b*tch.
So, with Israel unhinged wreaking havoc in the ME , we’re supposed to live in fear and uncertainty with every start of the week in red like today and every Friday like “pheww… nothing worse happened” until it does happen😐
Get used to it expand your horizon to…2025-26.
rusty0004 on
retail gives a shit about BTC and buys ETF = no more parabolic pumps
TheHoodOG on
Retail will come once we past 100k
Guilty_Fisherman5168 on
Yeah the only thing progressing with this rally is time…
8 Comments
tldr; Despite a recent rally in Bitcoin, retail activity remains low. In past bull markets, high retail participation was evident, such as the Coinbase app topping download charts. Currently, it’s ranked 438. Short-term holders own about 2.5 million Bitcoin, a level seen in bear markets. NFT-related gas usage on the Ethereum network has also dropped significantly. The lack of retail involvement raises questions about the sustainability of the current rally, as retail participation often signals market peaks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Time to keep accumulating before the real party starts this Uptober 🚀
This rally… does it speak to you?
Activity price divergence is a thing after all.
October rally… is wobbling;
Yes, it’s in the books, meant to happen, destined (Fed rate cut, ETF’s, overdue, the stars)… but geopolitics is a b*tch.
So, with Israel unhinged wreaking havoc in the ME , we’re supposed to live in fear and uncertainty with every start of the week in red like today and every Friday like “pheww… nothing worse happened” until it does happen😐
Get used to it expand your horizon to…2025-26.
retail gives a shit about BTC and buys ETF = no more parabolic pumps
Retail will come once we past 100k
Yeah the only thing progressing with this rally is time…