Bitcoin Bull Run: On-Chain Data Points To Declining Retail Participation

The price of Bitcoin has continued to soar this week, with the premier cryptocurrency consolidating its place above the $50,000 mark. Interestingly, on-chain data shows that a particular class of investors had less to do about the recent rally, sparking conversations about their participation in the current bull cycle.
Recent BTC Price Primarily Fueled By ‘Institutional Demand’
In a recent post on X, analyst Ali Martinez pointed out that there has been an apparent decline in the invo