Bitcoin’s Bull Run Fueled by Institutions, Retail Remains Cautious: Key Ratio Hits Yearly Low
A significant on-chain metric, the Bitcoin ratio, has reached its lowest point of the year. This progress coincides with Bitcoin’s ascent to $120,000, indicating that institutional investors are the primary drivers of the current market rally. retail investors, in contrast, appear to be largely holding back.
this trend suggests that Bitcoin’s bull market is highly likely to continue. With a sustained appetite for risk, a lack of widespread retail exuberance, adn a macroeconomic environment that may see interest rate cuts before the end of the year, Bitcoin is positioned for further upward momentum towards new all-time highs.