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[CryptoQuant: Bitcoin Retail Investor Activity Picked Up In October] According To The Block, According To CryptoQuant Data, Retail Investor Activity Slowed Down Between June And Late September, But Has Started To Pick Up Since October. The Agency Pointed Out In A Report Released On Tuesday: "Retail Demand Has Increased By About 13% In The Past 30 Days, Showing A Similar Trend To When We Approached The Previous Historical High In March." The Report Pointed Out That The Increase In Retail Demand For Bitcoin Is In Sync With The Growth Of Institutional Interest. Although Retail Investors Are Returning To The Market, Institutional Investors Have Been Steadily Increasing Their Investment In Bitcoin This Year. This Is In Stark Contrast To The First Quarter Of 2024, When Market Demand Was Mainly Driven By Large Investors. The Current Dynamics Of Retail And Institutional Investor Demand Are Similar To Previous Bitcoin Market Cycles, And The Recent Increase In Retail Activity May Foreshadow A Similar Pattern Of Optimism Reappearing. In Order To Measure The Demand Of Retail Investors, CryptoQuant Focuses On Several Key Indicators. One Of Them Is To Track The Total Amount Of Bitcoin Held By Wallets Holding Less Than One Bitcoin. This Total Has Grown From 1.734 Million Bitcoins In Mid-March To 1.752 Million Bitcoins At Present, An Increase Of 18,000 Bitcoins. Another Indicator Is The Volume Of Transactions On The Chain With A Transaction Value Of Less Than $10,000, Which Reflects The Activity Of Small Investors And Provides A Reference To The Market Sentiment Of Non-institutional Investors
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