This indicator measures the activity level of retail investors in BTC based on their trading frequency.
The number of trades can reflect the level of market participation by retail investors.
Considering the growth in the number of exchange users, the indicator is evaluated as a relative value rather than an absolute number.
Based on the change from the one-year moving average, it helps assess whether retail investors are entering the market.
Currently there is no retail participation. This is a metric to keep an eye on in the coming weeks.
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