Retail is fully disengaged. No accumulation. No FOMO.
Retail capitulation at this scale has historically marked late-stage corrections. But it doesn't mean immediate reversal.
Retail stays out longer than you think.
- Retail Demand 30D Change: deep negative - matching 2022 bear lows and mid-2024 capitulation
- BTC price: ~69K (down from 125K ATH)
- Transfer volume ($0-$10K): collapsing - small wallets aren't buying
- Last time this low: 15K-20K (2022) and 25K (mid-2023)
Written by IT Tech