Bitcoin (BTC) Retail Flows Hold Steady as Whales Gather at the Start of Historically Bullish Month

In recent months, less than 40,000 wallets have been active each day on the two exchanges. This is less than even during the bear market when BTC was below $10,000 and active wallets were around 50,000 per day. The data is consistent with other indicators such as the popularity of the Coinbase mobile app and on-chain usage, as reported.