CryptoQuant data shows retail investors fading as ETFs dominate Bitcoin demand

According to new on-chain data from analytics firm CryptoQuant, retail investors, the small wallet holders who once fueled crypto’s cycles, are being replaced by institutional flows from exchange-traded funds (ETFs) and corporate ￰0￱ founder and chief executive Ki Young Ju said on X that Bitcoin wallets’ average cost basis now stands at $55,900, meaning holders are up about 93% on ￰1￱ capitalization rose by $8 billion in the past week, and this indicates that new money continues to enter the network. However, Bitcoin’s price has remained relatively stable near $110,000, according to Young Ju, who stated on X that “Price hasn’t gone up because of selling pressure, not because demand was weak.” “New inflows mostly come from ETFs and Bitcoin treasury companies,” Young Ju ￰2￱ realized price and cap.) BTC inflow.).

Young Ju stated that both ETFs and Strategy have slowed their buys recently. However, he said, “If these two channels recover, market momentum likely returns.” Bitcoin demand growth over 30 days.) from the past 6 months are near break-even. Long-term whales are up ~53%.” A cycle unlike any other CryptoQuant’s data and analysis paint a picture of a maturing market that’s increasingly shaped by institutional ￰3￱ traders, once the engine of volatility and narrative cycles, have ceded ground to ETFs and long-term ￰4￱ Ju stated that this makes Bitcoin’s trajectory harder to ￰5￱ earlier cycles, bull markets followed a familiar four-year rhythm of accumulation and distribution between retail and whales.

Now, with ETFs, corporate treasuries, and macro-sensitive institutions in the mix, “it’s harder to predict where and how much new liquidity will enter,” he ￰6￱ $50 free to trade crypto when you sign up to Bybit now