CryptoQuant analyst: Retail investor demand picked up in October

CryptoQuant analysts said in a report this week that retail demand has increased by about 13% in the past 30 days, highlighting a situation similar to the historical highs in March. But the current growth in retail demand for Bitcoin is in sync with the growth in institutional interest. Although retail investors are returning to the market, institutional investors have been steadily increasing their exposure to Bitcoin throughout the year. In addition, Bitfinex analysts believe that the agency is still cautious at present. It notes that capital inflows do not always lead to sustained price increases. Bitcoin's previous attempts to break through the $70,000 mark, accompanied by a large influx of ETF funds, have failed. Although capital inflows have increased confidence in Bitcoin ETFs as a viable investment tool, historical volatility in Bitcoin prices suggests that there may be further fluctuations. (TheBlock)