Bitcoin's retail demand has surged, reaching levels unseen since 2020, according to CryptoQuant analyst Darkfost's report, "Bitcoin retail Investor demand is surging." The 30-day retail investor demand change is peaking, signaling renewed interest among smaller investors, even as long-term holders realize profits.
This heightened retail activity comes at a moment of potential market transformation. Increased retail involvement often indicates more engagement and optimism, potentially pushing demand higher. However, such surges frequently coincide with market tops. Currently, Bitcoin is experiencing sideways trading between resistance and support levels, possibly causing a temporary retail demand drop.
Breaking through the $100,000 psychological barrier could renew retail interest, potentially sparking a market euphoric phase characterized by significant price increases. The interaction between retail and institutional activities will be vital, as retail enthusiasm signals optimism while institutional interest sustains momentum.
Bitcoin's price recovery is gradually resuming. At the latest writing, Bitcoin price rose by 1.4%, standing at $95,713—approximately 3.9% below its all-time high of $99,645 from November, with a market capitalization of $1.89 trillion and a $83.5 billion 24-hour trade volume.
Despite sluggish price movements, analysts remain bullish. Captain Faibik, a noted crypto analyst, shared that Bitcoin could rally, citing a symmetrical triangle pattern on BTC's daily chart, eyeing a target above $105,000, suggesting the next bullish rally could be imminent.
