CryptoQuant: Bitcoin retail demand has dropped by about 2.45% in the past 30 days, and the market is still far from a frenzy

CryptoQuant analyst Caueconomy said in a post that demand from retail investors with on-chain bitcoin transactions of less than $100,000 has dropped by about 2.45% in the past 30 days, indicating that small investors have not yet reached a frenzy in the current market. Although these participants may use other investment vehicles such as ETFs and bitcoin finance companies, on-chain funding structures usually respond acutely to these fund flows, and there is still no market characteristic of structural frenzy.