Bad news Bitcoin bulls, the long-hoped-for retail is already here: CryptoQuant

Bitcoin bulls who still think the cycle peak has yet to come as retail investors haven’t piled in yet might be using an outdated playbook, according to a crypto executive. “The idea that the cycle isn’t over just because onchain retail activity is absent needs reconsideration,” CryptoQuant founder and CEO Ki Young Ju said in a March 19 X post.  Ju said that those tracking retail movements using only onchain metrics will not have seen the full picture.  “Retail is likely entering through ETFs — the paper Bitcoin layer — which doesn’t show up onchain,” Ju said source: https://cointelegraph.com/news/bitcoin-bulls-hoping-retail-investors-surprise-cryptoquant-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound