Retail has once again been starting to buy the dip, they actually have been a solid indicator for the bottom in the past months.

It is obvious that after one of the more eventful weeks of Crypto where we had all of that SEC drama and further uncertainty that made Crypto drop further and even BTC, even though it was not declared a security, had dropped to below $25k just yesterday after some hawkish statements by the FED. Now we have actually reversed from that move though.

But there has been some interesting behaviour by our group of investors, the retail. When we talk about BTC retail is usually described as holders with 0.01 to 1 BTC. Surprisingly, we did not just have some hollow “buy the dip“ talk, but some people did actually do that:

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Chart from MichealHODL, showing Retail buying and Supply

Here we can see how we had a dip-buying by the retail on the same level as we had it during the SVB crash earlier this year and before that it is similar and a bit lower to the FTX crash dip-buying at sub $20k prices. Good to see that we are having such an extensive dip-buying even by us retail people right now and not just some whales. We are truly winning this game too.