Bitcoin Retail Interest 'Not Coming This Bull', Warns Trader
Crypto researcher Gideon presented an unpopular opinion, stating that retail investors are unlikely to drive the ongoing bull run and Bitcoin (CRYPTO: BTC) broke an all-time high due to ETFs.
What Happened: Gideon argues that the current bull market differs from the 2021 cycle, as most of the global population is no longer confined to their homes with stimulus checks, as was the case during the pandemic. He points out that Bitcoin broke new all-time highs with the buying power of ETFs, not retail investors, and that retail interest and savings are currently low.
He also suggests that the simple strategy of buying and holding may no longer be effective, as the market remains PvP (player vs. player) with supply exceeding demand and attention constantly shifting to new plays.
He suggests traders take a position in sectors that institutions favor, such ...
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