Bitcoin volatility continues, but the feelings of retail are high, and they are an imminent recovery?
After declining from the price level of $ 102,000 earlier this week, Bitcoin It is still struggling to start a recovery towards a brand of $ 100,000. Its weak performance is attributed to a wider decline in Public encryption market. However, retail investors in major assets increased significantly during this volatile period.
Bitcoin retail interest sees sharp growth
Bitcoin has been moving in a negative direction in the past few days. However, retail morale shows a positive direction during the same period. The leader in the market intelligence market and the data company Santiment I mentioned Positive progress in a modern post on the X (formerly Twitter) platform.
Santimi highlighted that retail morale around Bitcoin is still high even with the decrease in coding assets by about 11 % of its highest level ever at $ 109,000 on January 20. This indicates that smaller investors are increasingly accumulating BTCEven when its price is subject to monotheism and fluctuations.
With a strong feeling and interest in retail, development can pave the way for its next main movement to BTC to its highest level ever because it can be translated into renewal Purchase. If it is strong enough, it may lead to a recovery from the current prices.
These retail participants maintain an optimistic view of BTC with the expansion of prices on Altcoins. According to the platform, many investors have returned to the leading assets as a kind of safe haven in volatile periods while altcoins It decreases sharply.
Moreover, the increase in feelings is also driven by hope Donald TrumpBitcoin supporting policies will definitely provide Bitcoin again with a strong upward momentum, which is enough to stimulate a renewed direction.
Since prices usually move in the opposite direction of the crowd’s expectations, Santiment hopes that some Retail It will decrease soon. The platform expects the additional decline to start the start of small merchants in their reaction and sell panic again, but there is nothing to ensure its occurrence.
Of course, there are many positives that indicate the future of fast -term encryption, such as the accumulation of the main stakeholders during this volatility. Meanwhile, the emotional crowd of the crowd plays only a limited role in the encryption industry.
An increase in demand between whale investors
Optimism towards BTC rises with prices to re -test the main support levels. Santim specific Big investors or whales accumulate more bitcoin while average intermediate volume of encryption and great fluctuations.
While fluctuations cause Whale For more BTC, small merchants, especially those who initially entered the market in the past six months. In general, there was an increase of 135 wallets over 100 BTC in February, indicating 0.8 % growth.
Meanwhile, 138680 Partners carrying less than 100 BTC It came out of the market, which represents a decrease of 0.03 %. Although it takes a few weeks or another months, Santiment believes that this development is a great preparation for Crypto market covers to flourish again.
Distinctive image from Unsplash, Chart from TradingView.com
