price has picked up yet again after slowing down in early march. The surge in price, in part could be attributed to rising retail interest in BTC.One indicator of this was the fact that assets under management for Bitcoin spot exchange-traded funds surpassed $50 billion recently.
The significant AUM also underscores the substantial capital inflows into Bitcoin spot ETFs, signaling a broader acceptance of digital assets within traditional financial instruments.Yet, retail investors have also been observed engaging in profit-taking. It’s crucial to note that short-term holders are typically considered retail, as they engage in the market for speculative purposes, anticipating price appreciation during a trend.
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