{"id":119092,"date":"2024-10-27T22:18:50","date_gmt":"2024-10-27T15:18:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119092"},"modified":"2024-10-27T22:18:50","modified_gmt":"2024-10-27T15:18:50","slug":"btc-number-of-individual-investors-must-remain-above-54-million","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119092","title":{"rendered":"BTC number of individual investors must remain above 54 million"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em>BTC has declined over the past week by 1.67%.<\/em><\/li>\n<li><em>Bitcoin\u2019s number of individual investors must remain above 54 million for it to rally.<\/em><\/li>\n<\/ul>\n<p>Over the past week, <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> has experienced a significant market correction. The correction was accompanied by a sharp decline in trading activities. Particularly, trading volume has declined by 62%, implying less demand and fewer participants.<\/p>\n<p>This decline in participants has left analysts talking about the significance of individual investors for a BTC rally. One of them is the CryptoQuant analyst <a href=\"https:\/\/x.com\/burak_kesmeci\/status\/1850254612781314486\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Burak Kesmeci,<\/a> who has suggested that BTC must exceed 54 million individual investors to rally.<\/p>\n<h2><strong>Why 54 million individual investors are critical<\/strong><\/h2>\n<p>In his analysis, Kesmeci posited that the indispensable condition for Bitcoin\u2019s bull rally is a surge in the number of individual investors.<\/p>\n<div id=\"attachment_437179\" style=\"width: 910px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437179\" class=\"wp-image-437179 size-full\" alt=\"\" width=\"900\" height=\"416\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors.jpg 900w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors-300x139.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors-768x355.jpg 768w\" data-lazy-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors.jpg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437179\" class=\"wp-image-437179 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors.jpg\" alt=\"\" width=\"900\" height=\"416\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors.jpg 900w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors-300x139.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/btcinvestors-768x355.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437179\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p>According to him, BTC needs to exceed 54 million individual investors for the crypto to see a price rise. The number of individual investors increased for 12 months after dropping to 43 million in January 2023.<\/p>\n<p>Over this period, it has increased to hit 52.4 million, making a 22%. After the approval of ETFs, the number declined to 51.6 million in February 2024.<\/p>\n<p>However, this number saw a sustained increase during the March 2024 rally and peaked at 54.14 million in June. Since then, the number of individual investors has declined.<\/p>\n<p>Historically, an increase in the number of individual investors closely correlates with BTC prices. For instance, BTC surged by 300% when the number of individual investors increased in January 2023.<\/p>\n<p>Consequently, after the number of individual investors peaked in June 2024, the Bitcoin price declined.<\/p>\n<h2><strong>Bitcoin\u2019s number of participants continues to decline<\/strong><\/h2>\n<p>The analysis provided by Kesmeci suggests that it\u2019s essential for the number of investors to increase for a BTC rally. This implies that new entrants into the BTC blockchain are essential for price appreciation. The question is, are new investors entering the market?<\/p>\n<p>According to AMBCrypto\u2019s analysis, Bitcoin is experiencing a decline in the number of participants.<\/p>\n<div id=\"attachment_437180\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437180\" class=\"wp-image-437180 size-full\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-1200x675.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437180\" class=\"wp-image-437180 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Active-Addresses-1-1200x675.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437180\" class=\"wp-caption-text\">Source: Cryptoquant<\/p>\n<\/div>\n<p>For example, Bitcoin\u2019s daily active addresses continue to decline. Over the past week, active addresses have dropped from 1.1 million to 899k. This suggests that fewer investors are entering the market, signaling a decline in the number of individual investors.<\/p>\n<div id=\"attachment_437189\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437189\" class=\"wp-image-437189 size-full\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-1200x675.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437189\" class=\"wp-image-437189 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-Transaction-Count-Total-1200x675.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437189\" class=\"wp-caption-text\">Source: Cryptoquant<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin Profit Calculator<\/a><\/p>\n<hr\/>\n<p>Additionally, Bitcoin\u2019s transaction count has declined from 834k to 598k over the past week. This indicated lower demand for BTC as fewer investors are using the blockchain.<\/p>\n<p>As observed above, BTC is experiencing a decline in the number of participants. This usually results in a market correction, as witnessed over the past week with Bitcoin trading at $67,074 at press time. Thus, if the current trend persists, BTC might decline further to $65,757.<\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/53-of-traders-are-shorting-cardano-can-ada-rally-back-to-0-40-again\/\" rel=\"prev\" data-wpel-link=\"internal\">53% of traders are shorting Cardano: Can ADA rally back to $0.40 again?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/why-bitcoin-needs-54-million-investors-to-jumpstart-its-rally\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTC has declined over the past week by 1.67%. Bitcoin\u2019s number of individual investors must remain above 54 million for it to rally. Over the past week, Bitcoin [BTC] has &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=119092\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-119092","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119092"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119092\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}