The price of BTC has exceeded the $110,000 mark. Although geopolitical tensions and tariff-related news have made the overall market environment full of uncertainty, reasonable operations can still seize the opportunities brought by this round of rising prices.
The participation of retail investors in this round of market is low, and the dynamics of large coin holders have become a key indicator of price fluctuations
Although BTC prices have hit record highs, traditional retail participation indicators remain surprisingly low, causing many traders to miss out on this round of gains. This round of gains has largely lacked the impetus of retail funds. Unlike the enthusiastic atmosphere and high emotions in previous bull markets, this rally is clearly lacking retail momentum. Funding rates remain low, retail trading activity is extremely low, and other mainstream crypto assets are also lagging behind overall.
Unlike previous bull market cycles, the current share of retail investors in BTC holdings is no longer rising. This is contrary to a widely held view that BTC is still in the early stages of absorbing billions of new users. On-chain data shows that a large amount of BTC in circulation is being continuously absorbed by a small number of whale-level wallets.
As this trend accelerates, clarifying how enterprise-level demand drives price behavior and its continuation cycle has become the key to market judgment. Continuous monitoring of on-chain data and wallet activity will help to gain insight into the evolution of the power structure of coin holders and identify key price ranges where large coin holders may enter or reduce their positions.
As BTC ownership transfer is underway, the markets long-term allocation intention is obvious
In this round of market, retail investors are basically absent, which explains why funding rates and trading volumes remain low. We are witnessing a quiet and orderly transfer of BTC ownership - from early users, investors, miners and exchanges, to a new generation of institutional investors represented by MicroStrategy. This structural shift also further explains the continued weakness in demand for call options and the low level of implied volatility.
The current round of rise is mainly driven by continued capital accumulation in the spot market rather than speculative derivatives trading, reflecting the markets long-term allocation intention rather than short-term speculation sentiment.
In the sudden market correction, some traders often suffer heavy losses due to misjudgment. The key to the loss is not the temporary closing of positions during the sharp drop - in some cases, this practice is reasonable. The real problem is that they fail to identify the potential risk of a correction in advance, and even choose to ignore the analysis conclusions when relevant warning signals have appeared.
Disclaimer: The market is risky and investment should be cautious. This article does not constitute investment advice. Digital asset trading can be extremely risky and unstable. Investment decisions should be made after carefully considering personal circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.
