BlockBeats News, May 26th, CryptoQuant stated in a post that "Retail investors are still on the sidelines. Unlike previous market peaks, the Bitcoin transaction volume of active (retail) participants remains below the average level of the past year."
Note: "Trading activity" is a term in the financial field that refers to the "activity of trading and buying/selling," often used to describe the level of trading activity in the market or the buying/selling sentiment.
