Why Slow Retail Buying Could Actually Be Good News for Bitcoin

• Bitcoin trades ~$105K, ~5% below its recent $111K ATH; on-chain metrics look promising.
• Retail BTC demand fell 2.45% in 30 days, not typical of major market tops.
• Analysts eye $96,700 as crucial BTC support; technicals show short-term pressure.

Bitcoin’s price action over the past few weeks has investors speculating whether the recent pullback from its all-time high is merely a pause before another leg up–or a sign of deeper corrections ahead. 

As BTC trades around $105,396.85, roughly 5% below its ATH of $111K set just 13 days ago, on-chain metrics paint a promising picture.

Retail Demand Cools; Analyst Sees Room for Further BTC Upside

According to analyst “caueconomy,” retail demand, measured by Bitcoin transactions below $10,000, has fallen 2.45% over the past 30 days. Historically, such subdued retail activity has not accompanied major market tops, which are typically characterized by frenzied buying from smaller investors.

The analyst suggests that the recent price surge for Bitcoin has yet to ignite the kind of emotional buying that marks long-term tops, leaving room fo…

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