Will retail investors flock back to Bitcoin (Bitcoin)?Encouraging Bullish signs for 2022, Glassnode data shows that from November to early December this year, 913,000 BTC addresses were added.

For BTC, the on-chain analyst On-Chain College shared insightful data on the potential beginnings of retail adoption and wider adoption trends, which is a boon for BTC. The key to ending the year is that as many as 1 million new entrants joined the Bitcoin network in November.

although Bearish price action In the short term, Twitter flood It shows that the macro outlook of BTC is still good. The chart shows that from June 2020 to December 2021, the number of wallet addresses with a balance greater than zero rose from 30 million wallets to 40 million.

Glass node Describe the non-zero balance indicator as the number of unique addresses holding a number of positive (non-zero) coins. When the number is on the rise, New users are entering the Bitcoin network.

When it is on a downward trend, as shown by the orange line on the chart from May to July of this year, It indicates that the user is emptying the wallet to zero. By inference, the decline of the wallet address is an indicator of the price decline.

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Given the new entrants in November, it begs the question, “Is this just an outlier driven by excitement after the recent ATH reached? Is this the beginning of a broader trend?”

What’s exciting is that with Thanksgiving, holiday celebrations and Omicron’s concerns in November and December, potential investors have more opportunities to research Bitcoin and make potential investments.

The December report supports the claim, As the balance of wallets holding 1 BTC or less changes—which usually implies small-scale investors—reach the highest level since March 2020.

However, please pay attention to the future of retail. William Clemente, regular writer and BTC analyst at Cointelegraph Tweet A series of charts with the message “Retail interest in Bitcoin has almost disappeared since spring.”

More retail evidence is needed. Although it was widely reported in October, Institutions are buying Bitcoin instead of gold, Google Trends Search data The price of “Bitcoin” is one-fourth of what it was at its peak in December 2017. Obviously, the retail frenzy is still some way away.