This kind of data hard to come by, usually paywalled and even I doubt the accuracy of the data.
I usually just consider the fear indicator to determine retailer participation, so far I haven't found any such data except maybe data about address owned by institutional vs retailer.
https://en.macromicro.me/charts/29402/bitcoin-addresses-with-balance-more-than-or-equal-to-0-1
even then I don't even know if it's reliable.
I usually just consider the fear indicator to determine retailer participation, so far I haven't found any such data except maybe data about address owned by institutional vs retailer.
https://en.macromicro.me/charts/29402/bitcoin-addresses-with-balance-more-than-or-equal-to-0-1
even then I don't even know if it's reliable.
So I did try to see the charts on the provided URL that you gave and here are the data:
And just like you, I have some doubts on the number itself. Specially that there are more retail investors that pushes the market around last year and this year. Although we all know that we have a say in the market, but I didn't expect that we are the one really pouring our money. Maybe one interpretation is that we are now seeing how good Bitcoin is a investment and maybe we also closer to the adoption as once we dreamed of. Although I still believed that institutions and the wealthy people are something also a big investors right now with billions coming in from those groups.