Bitcoin Rally Lacks Retail Mania – Why This Could Mean More Room To Run

Bitcoinist
Updated
Mitrade
coverImg
Source: DepositPhotos

After a week of downward price action, Bitcoin (BTC) staged a strong recovery over the weekend, reclaiming much of its recent decline. It is now trading just shy of its all-time high (ATH) of $111,814, recorded in May 2025.

Bitcoin May Have More Room To Run

According to a recent CryptoQuant Quicktake post by contributor Avocado_onchain, Bitcoin’s current upward momentum – hovering just below its ATH – may still have room to run, potentially leading to a new record “at any moment.”

The analyst noted that the current rally stands apart from previous ones due to its emergence in a “much quieter market environment.” This observation is supported by the ongoing lack of retail investor participation.

For instance, Google Trends data shows that search interest in Bitcoin remains significantly low – around a score of 21 – compared to a peak of 66 in November 2024. For reference, it stood at 100 during the bull market of May 2021.

Similarly, a key on-chain metric called the 30-day Binary Coin Days Destroyed (CDD) has been declining even as BTC’s price rises. This suggests that long-term holders (LTHs) are choosing to hold their Bitcoin rather than sell.

binary CDD

For the uninitiated, Bitcoin Binary CDD measures the sum of coin days – coins held multiplied by days held – spent in a transaction, indicating when LTH move their coins. High CDD suggests significant activity from older coins, often signaling potential market shifts as long-term investors sell.

Conversely, declining Binary CDD suggests fewer old coins are being spent, implying reduced selling pressure from LTH. This behavior often reflects rising confidence or accumulation, potentially indicating bullish sentiment as circulating supply tightens.

Another metric underscoring the subdued retail presence is the Premium Index across exchanges. While the Coinbase Premium is nearing levels last seen in April 2024, the Korea Premium Index remains relatively low – pointing to a lack of retail-driven enthusiasm in the current rally.

korea premium

Additionally, the Market Value to Realized Value (MVRV) ratio has been gradually increasing, but without the sharp spikes usually seen during overheated market conditions.

MVRV

BTC May Face Some Hurdles

Despite the absence of market euphoria, some indicators suggest that Bitcoin could encounter headwinds in the weeks ahead. For example, the Bitcoin RCV indicator has recently exited the “buy” zone, raising caution flags.

There are also signs that selling pressure may increase. Notably, miner-to-exchange transfers have recently surged to historic highs, indicating that BTC miners may be opting to liquidate rather than hold their reserves. At press time, BTC trades at $108,614, up 0.9% in the past 24 hours.

bitcoin

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Global stocks, currencies, bonds, Bitcoin, oil and gold are all surging todayGlobal stocks climbed as Dow futures rose 17 points, S&P 500 and Nasdaq futures stayed flat, and European and Asian indexes posted broad gains.
Author  Cryptopolitan
1 hour ago
Global stocks climbed as Dow futures rose 17 points, S&P 500 and Nasdaq futures stayed flat, and European and Asian indexes posted broad gains.
placeholder
Bitcoin Still Below Peak as Gold Climbs—Is a Catch-Up Rally Imminent?Gold prices climbed to a new all-time high in Asian trading hours on Monday, with spot prices surging to $3,800 per ounce.
Author  Beincrypto
1 hour ago
Gold prices climbed to a new all-time high in Asian trading hours on Monday, with spot prices surging to $3,800 per ounce.
placeholder
Solana Price Forecast: SOL rebounds above $210 as spot Solana ETF S-1 amendments boost sentimentSolana (SOL) trades above $210 on Monday after rebounding from the key support last week.
Author  FXStreet
5 hours ago
Solana (SOL) trades above $210 on Monday after rebounding from the key support last week.
placeholder
Top 3 Price Prediction: BTC, ETH, and XRP recover as the key support level holds Bitcoin (BTC), Ethereum (ETH) and Ripple are showing signs of stabilization at the start of the week, each holding above key support levels after recent declines.
Author  FXStreet
7 hours ago
Bitcoin (BTC), Ethereum (ETH) and Ripple are showing signs of stabilization at the start of the week, each holding above key support levels after recent declines.
placeholder
Bitcoin On The Brink: Analyst Warns This Key Level Must HoldCrypto analyst said that Bitcoin’s pullback is tracking a familiar seasonal and structural script—and that the market’s next major impulse hinges on a clearly defined support range.
Author  NewsBTC
Sep 26, Fri
Crypto analyst said that Bitcoin’s pullback is tracking a familiar seasonal and structural script—and that the market’s next major impulse hinges on a clearly defined support range.
Real-time Quote