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Recent on-chain data indicates a gigantic shift in the Bitcoin market, with activity by retail investors rising on the network—something that classically signals the start of a bull run. Since the first week of May, smaller transactions keep on outperforming bigger institutional moves, with retail interest pushing Bitcoin above higher highs. With this, on the day, the price movements were wild, retail transactions peaked with a record price of $71,400.
Data from Glassnode as of May 26 shows that activity by smaller entities proved strong even after a correction to $68,500. This resilient retail demand means strong grassroots support for Bitcoin’s uptrend. Conversely, institutional activity, while increasing, is not higher compared to that of retail investors, meaning market volatility mainly comes from smaller and hence more reactive market players.
It has been the case for involvement of big institutions with respect to the underlying growth in the market. This is further facilitated by the increase in accessibility of spot Bitcoin ETFs in the US. This mixture of eager retail participation and steady institutional investment makes the market landscape a dynamic one, promising more volatility and potential gains.
