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
Solana (SOL) at Crossroads — Bounce Likely If $142 Remains IntactSOL price is now recovering and might aim for a fresh increase above the $150 zone.
Author  NewsBTC
14 hours ago
SOL price is now recovering and might aim for a fresh increase above the $150 zone.
placeholder
Litecoin Miners On Accumulation Spree—Is Something Brewing?On-chain data shows Litecoin miners have seen their reserves shoot up over the past year, a sign that the large pools have been accumulating.
Author  Bitcoinist
14 hours ago
On-chain data shows Litecoin miners have seen their reserves shoot up over the past year, a sign that the large pools have been accumulating.
placeholder
Dogecoin Closes June In The Red With 14% Losses, Will July Be Any Better?With the close of June, the Dogecoin price has once again confirmed the bearish trend of the month.
Author  Bitcoinist
14 hours ago
With the close of June, the Dogecoin price has once again confirmed the bearish trend of the month.
placeholder
Altcoin Season Starting Soon? Analyst Predicts 37% Crash In Bitcoin DominanceThe Bitcoin dominance remaining on the high side has been one of the major hindrances for the altcoin season.
Author  NewsBTC
16 hours ago
The Bitcoin dominance remaining on the high side has been one of the major hindrances for the altcoin season.
placeholder
U.S. Senate Passes “Beautiful Act” — Crypto Tax Relief Left Out, Markets on EdgeJuly 1, the U.S. Senate narrowly passed President Trump’s “Beautiful Act” with a 51–50 vote, but crypto tax reform provisions were excluded.
Author  TradingKey
23 hours ago
July 1, the U.S. Senate narrowly passed President Trump’s “Beautiful Act” with a 51–50 vote, but crypto tax reform provisions were excluded.
Real-time Quote