📉【BTC Nears ATH — But Retail Is Missing?】
Matrixport: Bitcoin is approaching a new all-time high, yet retail traders remain on the sidelines:
🔸 Implied volatility is at multi-year lows
🔸 Funding rates are barely positive
🔸 Leverage usage by retail traders is significantly down
📊Take: This quiet bull run seems driven by long-term holders rather than retail hype. If sentiment flips, retail FOMO could fuel the next breakout.
