Retail demand for Bitcoin is at a six-month low, but institutional investor activity continues to rise.

Gate News bot message, June 30, although Bitcoin's price has performed strongly over the past week, soaring to $108,000 at one point, it is currently hovering around $107,000. The latest on-chain data shows that despite the recent strong performance, retail investors remain in a wait-and-see stance.

On June 28, on-chain analyst Maartunn pointed out that retail investors have been relatively inactive over the past few months. The data based on the "retail demand" indicator (which tracks small transaction activity) shows that the 30-day change in Bitcoin retail demand has fallen into negative territory, currently at its lowest level in over six months.

At the same time, institutional investors' interest in Bitcoin continues to grow, with a total net inflow of up to $2.2 billion for the US BTC Exchange Traded Fund (ETF ) in the past week. Analyst Burak Kesmeci stated that the decline in retail demand may indicate that Bitcoin prices are nearing the bottom, potentially ushering in a bullish trend in the coming weeks.