📰📰📰📰📰 Retail is still out of the game
Despite the confident behavior of BTC, the activity of retail traders remains at a low level. Trading volumes from private participants (frequent retail) continue to stay below the average for the past year.
This sharply contrasts with past market peaks when retail actively entered the game, adding fuel to the rise.
We have not seen such "silence" from the masses even at moments when BTC hit historical highs. This may be a sign that the market is not yet overheated, and major players still dominate the structure of movement.