From Investing.com: 2024-06-22 13:30:26

BTC retail on-chain demand rising amid price decline, up 7% from local bottom in May. Analyst sees interest from accounts with up to $10,000 as positive signal, but too early to predict recovery. Retail demand peaked in Q1 2024 post ATH. Bitcoin currently at $64,262 after dropping below $65,000 yesterday.

Analyst Willy Woo predicts Bitcoin recovery still to come, analyzing hashrate dynamics and inefficient miner capitulation. Historical data shows outdated miners exit post-halving events, signaling next phase of BTC rally after current miner process concludes. Net hashrate surge indicates lingering miner capitulation will lead to market opportunities.

Read more at Investing.com: Bitcoin (BTC) ‘Positive Signal’ Sent by Retail, Data Shows By U.Today