Recent on-chain data shows that Bitcoin demand from retail investors has remained low despite the asset's rally to a new all-time high.
The 30-day change in Bitcoin Retail Investor Demand indicates that activity from small retail investors has not increased significantly during the recent rally.
Historically, sustained price increases in BTC have depended on increased demand from retail investors, which has not been prominent in the current rally.
While retail interest in Bitcoin has not surged, any improvement in Retail Investor Demand suggests the bull run may not be in dire straits yet.