According to PANews, Matrixport's latest report reveals that despite Bitcoin approaching its historical peak, overall cryptocurrency trading volumes remain subdued. This suggests that retail investors may not be actively participating in the current market surge, particularly in South Korea, where trading volumes are traditionally dominated by retail investors but remain low. The recent price increase appears to be driven mainly by institutional investors and corporate buyers, while retail investors are adopting a wait-and-see approach. Historically, retail investors tend to enter the market in the later stages of a cycle, potentially providing the final push before a local peak, as seen in February and November 2022. This pattern may repeat, with retail investors possibly entering the market before another peak.

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