CryptoQuant Analyst: Retail Investor Demand Rises in October

CryptoQuant analysts stated in a report this week that retail demand has grown by about 13% in the past 30 days, highlighting a situation similar to the historical high in March. However, the current growth of Bitcoin retail demand is synchronized with institutional interest. Although retail investors are returning to the market, institutional investors have been steadily increasing their exposure to Bitcoin throughout the year.

In addition, Bitfinex analysts believe that the institution remains cautious at present. They noted that capital inflows do not always lead to sustained price increases. Previous attempts by Bitcoin to break through $70,000 were accompanied by large inflows of ETF funds and all failed. Although capital inflow has boosted people's confidence in Bitcoin ETF as a viable investment tool, historical fluctuations in bitcoin prices suggest there may be further volatility.(TheBlock)