Aug 21, 2025
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Bitcoin Retail Transfers Decline to 0.6% of Total USD Turnover
Bitcoin reached an all-time high of $124,500 before retreating to around $113,400. The market is experiencing increased volatility as traders assess whether this represents a deeper correction or a healthy consolidation phase. Key points include:
- Retail participation in Bitcoin transfers ($0–$10K) has declined from 2.7% to 0.6% of total USD turnover.
- This decline mirrors trends at the end of previous bull cycles, raising concerns about retail enthusiasm.
- Despite fewer retail transactions, absolute values exceed $400 million daily.
- Institutional flows and long-term holders are now more influential in market dynamics.
Bitcoin is testing critical support levels, specifically the 200-day moving average at $113,416. If Bitcoin fails to regain the 100-day SMA near $117K, it risks further declines towards the psychological level of $110K. Conversely, reclaiming this level could initiate a move back toward the $120K–$123K range.
