Retail investors continue to invest in Bitcoin

Retail investors are investing heavily in Bitcoin despite all the negative news surrounding the crypto market.

Glassnode states that wallets holding less than 1 BTC have added about 86.2K BTC to their holdings since the FTX bankruptcy. This has been the most prominent “peak balance increase ever,” reaching more than 1.21 million BTC, equal to 6.3% of the circulating BTC supply.