Despite our big rally to $28k, Retail is still accumulating Bitcoin at its highest pace since when BTC was at just $16k in November 2022.

Usually we would say that it makes sense to buy in at low prices and just during a dip, as you will have greater profits then, instead of accumulating during the midst of a rally as the prices are quite a lot elevated then. This is a simple “buy low sell high“ strategy which many of us here dream to achieve.

But it seems like some of us, the Retail, are so convinced for the future gains of Bitcoin that they are even stacking their coins in the middle of a rally where prices are roughly 70% above the bear market lows.

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Supply held by Retail (0.1 - 1 BTC) chart by MitchellHODL

This chart shows how the FTX collapse and the BTC price being at even below $16k had caused one of the greatest accumulations by Retail, maybe ever. Now with prices being 70% above it, Retail still did not get scared away by too high prices and are buying just as if the prices were still at $16k-$18k.

This perfectly shows how confident Retail, us, is right now as they seem to not care whether we buy at $18k or $28k. In a few years the gains will just be so big that there will barely be a difference between those both price-levels.