Bitcoin Hits 19-Month High But Retail Traders Still on Sidelines
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Bitcoin price hit a 19-month high, but retail traders are still waiting on the sidelines due to economic pressures like inflation and interest rates.
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Indicators like the Tether premium in China, Google searches, and futures funding rates suggest retail demand has not significantly increased.
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Analysts are uncertain if the recent crypto rally indicates a "Santa Claus rally" or if it has already occurred with the S&P 500's November gains.
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There are signs of modest improvement in metrics like the Tether premium and futures funding rates, but no definitive surge in retail crypto demand.
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Additional data is needed across various sources to determine if retail traders missed out on Bitcoin and Ether's recent double-digit gains.