New influx of retail traders making their way into Bitcoin network amid price rally explosion
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With the Bitcoin market sentiment currently at extreme greed, it is not uncommon to find traders exhibiting FOMO, Fear of Missing Out. The retail explosion has also contributed to the uptick in Bitcoin’s trading volume, which is now up by more than 10% at the time of writing to $63,131,961,279.Additionally, wallets holding 0.1 BTC to 10 BTC also dropped by 0.8% over the trailing 14-day period. The Santiment data now pegged the addresses holding zero to 0.1 BTC at 48.
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