Bitcoin Retail Reaches Second-Highest Buying Rate In History. Good Or Bad?

Bitcoin retail buying rates have been surging in recent times. These metrics show how much Bitcoin retail investors are buying and at what prices they are purchasing these tokens. Now, this metric had hit a previous all-time high in 2017/2018 right at the peak of the bull market at that point. Since the same thing is happening once more and retail investors are ramping up purchases, it remains to see whether this will correlate with another bull rally that sends the digital asset towards a new all-time high. Retail Investors Ramp Up In a chart that was posted to Twitter, market analyst Will Clemente showed that retail investors are currently purchasing the cryptocurrency at the second-highest rate in history. This is significant when looked at from the perspective of the last time retail buying surged past this point. However, it does not only spell good news even from a historical point of view. Related Reading | Bitcoin Exchange Outflows Suggest Rally May Only Be Starting Clemente noted that most spikes in the holdings of retail investors have usually coincided with that of macro tops. However, there have also been times when these investors had taken a more strategic approach to their buying. As for this one, the analyst explains that it is an outlier. This is a really interesting chart. Retail (0-1 BTC) is currently buying at the second-highest rate in Bitcoin's history. Looking at retail's holdings most spike...