Matrixport: This round of bitcoin rally may be dominated by institutions, but retail traders have not yet entered the market

Matrixport shared its Market Today analysis that despite Bitcoin's near record highs, cryptocurrency trading volumes remain subdued. This could suggest that retail traders are not yet actively participating in the current rally, as seen in crypto trading volumes in South Korea, which has traditionally been dominated by retail investors.
The price increase is likely to be driven more by institutional investors and corporate buyers, while retail investors remain on the sidelines. Historically, retail investors tend to enter the market on a large scale late in the market cycle, forming the last wave of gains before the market hits a local high, as happened in February and November 2022. This pattern could repeat itself, with retail traders likely to enter the market only before the next high.