Bitcoin Retail Transfers Plummet: A Signal from Market Trends

Recent data reveals a decline in Bitcoin retail transactions. According to CryptoQuant analyst Axel Adler Jr., the proportion of transfers under $10,000 has dropped significantly. From a peak of 2.7%, this share now stands at only 0.6%. This decline coincides with a decrease in overall retail demand for Bitcoin. While daily transaction volume exceeds $400 million and represents a substantial portion of the network’s total activity (0.6%), it signifies a shift in market dynamics, particularly as we observe a trend reminiscent of previous cycles.