CryptoQuant Analyst: Bitcoin Transfers Between $0 and $10,000 Drop to 0.6%

Foresight News reports that CryptoQuant analyst Axel Adler Jr tweeted, "The share of retail transfers between $0 and $10,000 in the total USD transaction volume across the Bitcoin network has been steadily declining: from a peak of 2.7% down to the current 0.6%. Meanwhile, in absolute terms, the transaction volume remains considerable, exceeding $400 million per day, but this accounts for only 0.6% of the network's total transaction volume. Previously, at the end of the bull market cycle in autumn 2021, retail demand cooled off, and this metric dropped to a historic low of 0.19%. In the past, the decline in retail share has coincided with the final stages of bull market cycles, which can be interpreted as an early warning sign of market overheating."