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CryptoQuant: The activity of retail investors in Bitcoin rebounded in October

ChainCatcher news, according to The Block, based on data from CryptoQuant, retail investor activity has slowed down from June to late September, but has started to pick up since October. The agency noted in a report released on Tuesday: "In the past 30 days, retail demand has increased by about 13%, showing a trend similar to when we approached the previous historical peak in March."The report pointed out that the increase in retail demand for Bitcoin is occurring alongside a rise in institutional interest. While retail investors are returning to the market, institutional investors have been steadily increasing their investments in Bitcoin this year. This contrasts sharply with the first quarter of 2024, when market demand was primarily driven by large investors. The current dynamics of retail and institutional investor demand are similar to previous Bitcoin market cycles, and the recent increase in retail activity may signal a similar pattern of renewed optimism.To gauge retail investor demand, CryptoQuant focused on several key indicators. One of them is tracking the total amount of Bitcoin held in wallets that hold less than one Bitcoin. This total has increased from 1.734 million Bitcoins in mid-March to the current 1.752 million Bitcoins, an increase of 18,000. Another indicator is the volume of on-chain transactions below $10,000, which reflects the activity of small investors and provides a reference for the market sentiment of non-institutional investors.
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