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Are Retail Investors Finally Here as Bitcoin (BTC) Challenges $95K?

Are Retail Investors Finally Here as Bitcoin (BTC) Challenges $95K?
© Copyright Image: CryptoPotato

Most cryptocurrency rallies throughout the years have seen at one point or another the crucial entrance of retail investors.

However, the cycle that many believe started after the US elections seemed to lack those market participants. The latest data from Santiment, though, reveals that they might have finally arrived.

Are They Here?

One of the latest crypto experts to weigh in on the matter was Bitwises CEO, Hunter Horsley, who said earlier this week that the most recent BTC price rally, which drove the asset from $75,000 to $95,000 within a few weeks, was driven by institutions, advisors, corporations, and even nations.

He explained that this diversity of investors will ultimately benefit the cryptocurrency, but noted that retail traders are yet to be found, as the Google searches, usually a good indicator of their behavior, were still very low.

Santiment, though, published a different perspective. After the aforementioned $20,000 surge, the analytics platform said, Retail traders continue to show confidence in crypto markets. The findings are based on an increased number of social media posts, mostly in the form of big BTC price predictions, which typically come from such investors.

However, Santiment warned that bitcoin tends to move in the opposite direction of what the crowd expects, especially if they have turned to speculative assets like meme coins, which exploded in value recently after a months-long hiatus.

SHT Balance on the Rise

IntoTheBlock revealed a similar trend, indicating that short-term traders, who are mostly comprised of retail investors, have seen a significant increase in their balances in the past week. If this influx continues, it will support the view that the current move is more than a relief rally and could be the opening leg of a broader uptrend.

The post Are Retail Investors Finally Here as Bitcoin (BTC) Challenges $95K? appeared first on CryptoPotato.

Read more: https://cryptopotato.com/are-retail-investors-finally-here-as-bitcoin-btc-challenges-95k/

Text source: CryptoPotato

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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