Retail investors could be coming back into the market after a recent upward trend in new Bitcoin addresses.
Retail investors could be making a steady return to the crypto market after a notable upward trend in the number of daily new addresses being created, an intelligence platform has speculated.
In an Aug. 8 post on social media platform X, market intelligence platform IntoTheBlock said that recent data on Bitcoin “new addresses” could suggest renewed interest from retail investors.
“Since November 2023, the number of daily new addresses has trended downward, a bearish signal indicating fewer new participants, particularly on the retail side,” it said.
