IntoTheBlock: Retail investors had low participation during Bitcoin's rise to over $60,000

IntoTheBlock analysts pointed out that on-chain data and network search trends show that retail investors' participation was low during Bitcoin's rise to over $60,000. The analyst added that the transaction volume on the Bitcoin blockchain has been increasing, but it is far below the level during the market peak in 2021. The analyst said: "Although Bitcoin's price trend is incredible, current data shows that retail investors are calm. This suggests institutional investors may dominate this stage. ETFs are seen as potential accumulation tools."