Bitcoin analysis reveals 13 surge in retail demand indicating reduced risk aversion

New data suggests that retail activity in Bitcoin is following the same pattern as the BTC price surge to all-time highs after months of stagnation. According to onchain analytics platform CryptoQuant, there has been a 13% increase in transactions worth less than $1,000. While retail interest in Bitcoin had significantly declined since the peak in March, there are signs of a comeback. Although mainstream interest from outside institutional circles remains low, transaction volume figures indicate a change in sentiment. Retail demand has grown by approximately 13% in the past 30 days, similar to the scenario seen in March. The recent rise in Bitcoin’s price has prompted small investors to return to trading, signaling a decrease in risk aversion. Despite Bitcoin reaching a price of $69,000, the Coinbase premium, which measures the difference in pricing between Coinbase and Binance, remains barely positive. This suggests that US retail interest in Bitcoin is still slow to pick up. It is important to note that this article does not provide investment advice, and readers should conduct their own research before making any investment decisions.