Bitcoin 
$91,270.62 It is finding buyers above $91,700, eager to reach a new daily high. Although the desired levels have not yet been regained, even the fact that short-term gains cannot be given back today is positive for investors who see a continuous decline. So, contrary to the common story, might individual investors not have appetite?
Individual Investors 2019-2025
both this AI bubble The risk aversion of individual investors was mentioned amid both the debates and the consequences of monetary tightening. However, current data shows that individual investors’ enthusiasm in the ETF channel remains extremely strong and risk appetite overall has not been undermined.
Cidatel data shared by TKL shows that individuals who have made net stock purchases for 23 consecutive months are extremely enthusiastic.
“Retail investors are on track for a 23rd consecutive month of net stock buying, second only to the 32-month streak recorded between April 2020 and November 2022.
Additionally, retail investors have been net buyers of ETFs for 158 consecutive trading days. Individual investors in just 6 days since the beginning of 2024 ETFs They sold clearly. Individual investors purchased net more call options than put options for 29 consecutive weeks, the longest streak on record. Individual investors are redefining the markets.”
This in cryptocurrencies We can interpret its reflection from the example of South Korea. If you remember, we said that investors there have shifted to the stock market and, of course, technology stocks, especially in the second half of this year. Perhaps, rather than being a trend specific to South Korea, it has become a trend for individual investors in general. It may not be an exaggeration to say that the “excitement money” represented by retail investors is helping tech stocks grow while pushing crypto to underperform. If we add to this that the sales of large investors have accelerated to stable sales since the October decline, a clearer picture emerges.
How does this end? Crypto is now bound to decline according to the four-year cycle story. In order for us to see that this cycle is different from others, BTC must enter January at least at current levels and remain convincing.
Bitcoin Predictions
BTC If it can exceed 93 thousand dollars, it will convince everyone that it can reach better levels. But for now, it is in the transition zone and analysts remain cautious. Lark Davis listed some important details for the possible scenario as follows;
“Bitcoin it finally regained the $90,000 range. So where is the next real resistance?
First stop: the 50-week EMA, currently around $100,000.
This means both a technical ceiling and a psychological level. However, the real resistance is slightly higher.
The next major resistance cluster is between $108-$110 and is a point where a number of factors come together: 0.618 Fibonacci retracement, major horizontal resistance from the previous structure, and the control point from the Auto-fixed volume profile. So, $100,000 is your first test. $108,000-110,000 is the real boss fight. “We are watching closely.”
