I don’t trade every day, but I’ve always believed that Bitcoin has something powerful to offer, and now I’m starting to feel its about to bullrun.
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Okay, the reason for me feeling this way is because of some insights I recently came across online from a CryptoQuant's report, which shows that retail investors, which is to say people like me and probably you who don’t own millions in crypto, are buying Bitcoin. They are basically people hodling anywhere from $10 to $10,000 in Bitcoin. I know I fall somewhere in that range, and I’ll be honest to say, I’ve been a little scared to buy more, especially during the tarrif war and before April 9th I guess. The market was very unpredictable before April 9, but going from the middle of April to the month of May, theres an increase in buying activity from retail investors.
I became hopeful when I saw this trend especially on April 28, and thankfully it hasn’t slowed down. There’s been a 3.4% increase in retail buying just in a couple of weeks. Now that number might sound very small and easily negligible, but in the Bitcoin world, trust me that’s a big sign. It shows the sentiments change of people, that they are getting their confidence back in the game. Basically the market response more to the sentiments of retailers than any other category.
Anyways, Bitcoin passed $100,000 recently and now it's somewhere around $102,770, that’s like a 21% rise this month alone (I hope my math is right). This makes me to believe that we’re possibly in the early stages of another bull run and if it keeps up for a little while, even more of us (retail investors) might join in, and not just in Bitcoin, other altcoins.
I’m already looking at DeFi, staking, and some altcoins. I’ve also started buying again, but slowly. I’m paying attention to the signals, and I’m getting a sense of hope. Although you should take into consideration that everything can shift to the opposite direction so do everything with caution and lots of knowledge on your investment decisions.
Investment is only risky when you don't know what you're doing.
