Despite the growing participation of institutional investors in the cryptocurrency market, retail investor sentiment remains as important as it was when Wall Street stayed on the sidelines. This was stated by Swan Bitcoin CEO Cory Klippsten in an interview with Cointelegraph. This is reported by reported by.
Klippsten noted that while giants like BlackRock or Fidelity own Bitcoin assets, these funds are actually backed by numerous retail accounts. According to him, purchases made through spot Bitcoin ETFs in the U.S. also shape real demand and reduce the total supply.
According to Farside data, a total of $2.90 billion has flowed out of U.S. spot Bitcoin ETFs since May 15. During this period, the price of Bitcoin fell by approximately 9.5%. Currently, Bitcoin is trading around $73,630 and has depreciated by 2.87% over the last 30 days.
The Crypto Fear & Greed Index, which measures overall market sentiment, stood at 23 points on Friday, indicating a state of "Extreme Fear." This suggests that investors are approaching the crypto market with caution.
Klippsten considers the chances of Bitcoin reaching a new all-time high (ATH) in 2026 to be low. While he previously estimated this probability at 50%, he now views it at around 20-25% against the backdrop of falling prices.
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