Retail Demand for Bitcoin Drops to -17%: FOMC Meeting Could Spark Rally
The post Retail Demand for Bitcoin Drops to -17%: FOMC Meeting Could Spark Rally appeared first on Coinpedia Fintech News
The average monthly change in demand for Bitcoin from retail investors with transactions under $10K has dropped to -17%. Historically, a similar decline to -18% preceded a massive price surge from $40K to $70K. This pattern suggests that the current drop in retail demand could signal an upcoming rally. With the FOMC meeting on June 12th just days away, potential rate cuts could further fuel Bitcoin’s rise.
