Latest data shows that the bull run in Bitcoin (BTC) is due to institutional investors and individuals are not yet involved in the market.
In a post by CryptoQuant analyst DanBTC916, Institutions of Bitcoin rally He said that it took place due to the fact that individuals were not yet included in the market.
In the post, 2021 and previous bull markets average stock market entries It was stated that the rate was below average. Additionally, in previous bull markets, individual investors huge impact It was stated that it was but now it is the opposite.
The analyst said that the steady downward trend in the stock market deposit rate indicates that individual investors have not yet entered the market. Google search data At the top in 2021 to be only now remaining at low levels It is stated that it also supports this data.
The analyst also noted that investments through the spot Bitcoin ETF are increasingly will increase further and therefore the coming bull will continue thanks to corporates. he thinks.
According to Coingecko data bitcoin, while writing From $62,019 finds buyers.