‘Wall of Worry’ Has Retail Sitting Out the Latest Bitcoin Rally
A key gauge for market sentiment has been flashing bearish signals for weeks.
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Vildana Hajric and David Pan note how individual investors have largely remained on the sidelines during the recent recovery in the largest digital currency.
Bitcoin has slyly climbed above $80,000 this week, building up its gains to 25% since the start of March. But unlike in past rallies, it has largely done so without the assistance of its most-devoted backer: the retail investor.