These factors suggest that retail investors Bitcoin and crypto want to
It is no secret that the capital inflows from private investors were the driving force for the previous bull market rides of Bitcoin. The cycle of 2016-2018 has shown that the Mainstream media, Bitcoin to continue to be negative and try to put the cons in the foreground.
When BTC crashed, gone were the private investors, however. This was illustrated by the few Mainstream Media members, who have been involved with crypto-currency, by the Lack of mention of Bitcoin and the Blockchain in social media and an overall decline of interest and of data from publishers of industry content.
So it was no Surprise that Bitcoin without the Fiat inflows fell by 80% to 3.150 Dollar, depressed by selling pressure from the miners who worked in the bear market to continue to Coins. Fortunately for the Haussierer some signs indicate that the interest of private investors in crypto-currencies is increasing, which is a good sign for the long-term upward trend, the analysts hope that he is.
Proof No. 1: you want to buy All the Bitcoin Trust (GBTC) of Grayscale
According to Frank Chaparro of The Block of the Bitcoin Trust of Grayscale, which is traded OTC (not on established exchanges) under the Ticker “GBTC” was, in the year 2020, the second most active stock on the leading OTC markets in the United States.
Grayscale’s GBTC is the second most active stock on the leading U.S. OTC market in 2020 @_RJTodd
– Inflows up to $194m in Q4 2019
– 2nd most actively traded product in the U.S. OTC markets
– Grayscale AuM (all products) down from all time high of $2.7 bn to ~$2bnhttps://t. co/LE9cb7RKBp pic.twitter.com/R5FYy3zmLpFrank Chaparro (@FINTECH Frank) February 21, 2020
While gray is dominated scales of the investor base of institutional investors, have found some of the commentators on Twitter that the strong impact of GBTC to Spot-BTC is in connection with the above increase in volumes is a clear sign that Investorenauf are looking for a cheap entry into the market.
In fact, investors GBTC buy private rather with a high premium, as institutions, have well established futures markets such as CME or institutional service providers such as Fidelity Investments, access to Bitcoin.
Proof no. 2: increased volume on Coinbase
Similar to the above-mentioned evidence, the data from the industry researcher Larry Cermak show that the average daily volume of Coinbase is shot in February in the height of what in the past was a “really good sign [for] the market.”
The Figures show that the stock market has experienced in February so far, with a daily average trading volume of 342,46 of millions of dollars. 342,46 million dollars, almost three times as high as the average in December 2019.
Volume in February is continuing to shoot up. That’s historically a really good sign about the market. It’s almost at the same level as in May now pic.twitter.com/QSDtiMp3sE
— Larry Cermak (@lawmaster) February 20, 2020
The fact that the volumes increase on this platform, is a good sign for the optimistic mood.
Proof no. 3: The data from Google Trends indicate a growing interest in a number of cryptocurrency-related terms.
Data from Google Trends, the data suppliers by Google search trends suggest that the interest of the people in a number of search terms in connection with crypto-currency, including investments in digital assets is increasing.
At the end of last month, the Analyst CryptoKea noted that the search interest for “buy Bitcoin” has only recently reached a Seven-month High, and according to his analysis a level of “10” has been reached. This is important, because a strong surge of interest for the above term, the most of consumers, not institutions, ascribe the beginning of the effective parabolic rally to $ 20,000 in the year of 2017 marked.
