Bitcoin (BTC<\/a>) is back in fashion for regular investors at $48,000 as data confirms the biggest buying spree since March 2020.<\/p>\n In a tweet on Dec. 14, statistician Willy Woo eyed a key trend that had previously been absent from the Bitcoin market for over 18 months.<\/p>\n After crashing to $3,600<\/a>\u00a0in March 2020, BTC\/USD was a hot pick for those able and willing to invest \u2014 and now, that phenomenon is back.<\/p>\n The changes in balances for wallets holding 1 BTC or less \u2014 typically suggesting smallscale investors \u2014 have reached their highest since March 2020.<\/p>\n While the circumstances remain the same \u2014 coronavirus fears and macro market jitters over central bank policy \u2014 the major difference at the end of 2021 is that Bitcoin costs $48,000, not $3,600.<\/p>\n Nonetheless, if the retail accumulation data is accurate, interest is surging.<\/p>\n \u201cThe last time retail bought the dip this hard was at the bottom of the COVID crash,\u201d Woo commented.<\/p>\n The last time retail bought the dip this hard was at the bottom of the COVID crash.<\/p>\n Probably nothing, few, etc etc. pic.twitter.com\/HuxNxYMl48<\/a><\/p>\n \u2014 Willy Woo (@woonomic) December 14, 2021<\/a><\/p><\/blockquote>\n As Cointelegraph reported<\/a> this week, larger existing hodlers continue to exhibit mixed behavior at current price levels. Despite selling by some, the top tier \u2014 whales \u2014 are more cautious about divesting away from BTC.<\/p>\n Meanwhile, the proportion of long-term investors has reached a record high versus short-term market participants.<\/p>\n Related:\u00a0Bitcoin price dip may end Wednesday as Bitfinex bids hint at Fed \u2018buy the news\u2019 plans<\/a><\/em><\/strong><\/p>\n According to the so-called \u201cSmart Money Gap\u201d indicator, consisting of data<\/a> from on-chain analytics firm Glassnode, there has never been a greater disparity between the amount of BTC held by \u201csmart\u201d and \u201cdumb\u201d money \u2014 long-term and short-term buyers.<\/p>\n Throughout Bitcoin\u2019s history, local peaks in the metric have heralded the start of price bull runs, signifying local price bottoms.<\/p>\n The numbers support the narrative that Bitcoin\u2019s near 40% come-down from $69,000 all-time highs \u201cflushed out\u201d speculative market bets.<\/p>\n<\/div>\nRetail adds BTC like it\u2019s March 2020<\/h2>\n
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\u201cSmart\u201d vs. \u201cdumb\u201d money hits all-time high<\/h2>\n
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