caueconomy
Retail Demand Remains Low Despite Bitcoin Nearing ATH
In the past few days, on-chain activity up to $10K has seen a -19.34% decline, indicating that retail activity remains low relative to the current high volatility. It is normal for demand for on-chain activity to be high during periods of high price volatility, but that is not what we are seeing at the moment. For now, the retail activity pattern remains low after peaking in December and then easing due to subsequent consolidation. This signals that despite the new all-time highs, the on-chain structure is not “stretched,” which favors further uptrends.