{"id":125523,"date":"2025-03-21T05:26:45","date_gmt":"2025-03-21T05:26:45","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125523"},"modified":"2025-03-21T05:26:45","modified_gmt":"2025-03-21T05:26:45","slug":"bad-news-bitcoin-bulls-the-long-hoped-for-retail-is-already-here-cryptoquant","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125523","title":{"rendered":"Bad news Bitcoin bulls, the long-hoped-for retail is already here: CryptoQuant"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin bulls who still think the cycle peak has yet to come as retail investors haven\u2019t piled in yet might be using an outdated playbook, according to a crypto executive.
\n\u201cThe idea that the cycle isn\u2019t over just because onchain retail activity is absent needs reconsideration,\u201d CryptoQuant founder and CEO Ki Young Ju said in a March 19 X post.\u00a0
\nJu said that those tracking retail movements using only onchain metrics will not have seen the full picture.\u00a0
\n\u201cRetail is likely entering through ETFs \u2014 the paper Bitcoin layer \u2014 which doesn\u2019t show up onchain,\u201d Ju said.\u00a0
\n\u201cThis keeps the realized cap lower than if the funds were flowing directly to exchange deposit wallets,\u201d he added, noting that 80% of spot Bitcoin (BTC) exchange-traded fund (ETF) flows come from retail investors \u2014 a trend that Binance analysts already once observed in October last year.\u00a0
\nSince the launch of spot Bitcoin ETFs in January 2024, inflows have totaled around $35.88 billion. Source: Farside At the time, the analysts said most of the ETF buying likely came from retail investors moving their holdings from wallets and exchanges into funds with more regulatory protection.
\nJu was responding to counter-arguments over his earlier prediction on X that the \u201cBitcoin bull cycle is over\u201d on March 17.\u00a0
\n\u201cI\u2019ve been calling for a bull market over the past two years, even when indicators were borderline. Sorry to change my view, but it now looks pretty clear that we\u2019re entering a bear market,\u201d he said.
\nJu explained that certain indicators are showing a lack of new liquidity, which is likely being driven by macro factors.
\nHe also clarified when he said the bull cycle was over, he meant Bitcoin could take \u201c6-12 months\u201d to break its all-time high, not that it\u2019s about to crash.
\nRelated: Bitcoin is just seeing a \u2018normal correction,\u2019 cycle peak is yet to come: Analysts
\nTraders often look at retail investor activity to spot signs of exhaustion or as a signal to start selling when the market appears overheated.
\nThere are several sentiment indicators which help market participants understand the level of retail interest in the market. One of these is the Crypto Fear & Greed\u00a0Index, which measures overall crypto market sentiment, reading a \u201cFear\u201d score of 31, down 18 points from its \u201cNeutral\u201d score of 49 yesterday.
\nOther common signals used to track the level of retail interest in the crypto market include Google search trends for \u201ccrypto\u201d and related keywords and the popularity of crypto applications in major app stores worldwide.
\nWhile the Google search score for \u201ccrypto\u201d worldwide was at a score of 100 during the week of Jan. 19 – 25, when Bitcoin reached its all-time high of $109,000 and US President Donald Trump\u2019s inauguration, it has since declined by almost 62%.
\nThe amount of searches on Google for \u201ccrypto\u201d has declined almost 62% since the end of January. Source: Google TrendsAt the time of publication, the Google search score for \u201ccrypto\u201d stands at 38, with Bitcoin trading 22% below its January all-time high.
\nMagazine: Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plunge
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin bulls who still think the cycle peak has yet to come as retail investors haven\u2019t piled in yet might be using an outdated playbook, according to a… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125523"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125523"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125523\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125523"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}