Retail is not here - who is buying Bitcoin?
Bitcoin is trading near 100K, memes are buzzing, and many altcoins are skyrocketing.
And here’s the most interesting part: retail interest is nowhere near its previous levels.
So if retail isn’t fueling this bull market, who is? Let’s break it down:
Retail interest: What the data says
1-Google searches for Bitcoin and crypto terms are increasing but still far from their previous highs.
2-The Kimchi index (see attached chart), which measures the price gap between the US and South Korean Bitcoin markets, is a negative sign of declining retail demand.
Historically, a higher Bitcoin price in South Korea indicates strong retail activity. Today, it’s lower.