Analyst: Retail demand surges close to a two-year high, BTC rebound is weak but the sentiment for chasing prices is evident

CryptoQuant analyst Darkfost posted that retail demand for Bitcoin is increasing and is close to the highest level in the past two years. Historical data shows a clear correlation between the growth of retail demand and local peaks in Bitcoin prices.

Currently, the rebound of Bitcoin is weak, but retail demand has surged sharply. The analyst believes this may reflect the "impatience" of this group— they have become more sensitive to small fluctuations in BTC.