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Bitcoin's Retail Demand Dips Post-ATH Amid Miner Activity Drop
Despite the recent peak in Bitcoin's price reaching a new all-time high, the enthusiasm among retail investors has waned significantly, as evidenced by a 30-day decrease in demand. The decline indicates that small-scale investors are transferring less Bitcoin, and market participation from this segment is diminishing after the ATH. Meanwhile, the share of transaction volume from miners has also fallen to lows not seen since 2022, suggesting a slowdown in their activity. Currently, Bitcoin's price remains sideways at approximately $105,200, with overall retail interest weakening even amidst high prices.
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AI Analysis
The current crypto market landscape shows a divergence between price action and investor interest. Although Bitcoin has achieved a new all-time high, the decline in retail demand signifies a potential...
AI Recommendation
Given the current decline in retail investor demand and the reduction in miner activity, it would be prudent to adopt a cautious stance. Investors should avoid aggressive long positions until there's ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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