Is Retail Slowly Disappearing from Bitcoin? CryptoQuant data shows a striking shift: the average amount of BTC deposited by retail investors has dropped to just ~314 BTC/month, the lowest level ever recorded. To put it into perspective: - Previous bear market: ~1,800 BTC/month - March 2024 peak: ~1,200 BTC/month - 2018 cycle: ~5,400 BTC/month - 2021 cycle: ~2,600 BTC/month This isn’t just a slowdown, it signals a clear structural change in market participation. According to analyst Darkfost, retail activity is weakening significantly. Part of it may have already exited the market after multiple volatile cycles, while another portion has shifted toward Bitcoin spot ETFs instead of trading directly on exchanges. This raises an important question: - Is Bitcoin increasingly becoming an institutional-driven market? - Or is retail simply staying on the sidelines, waiting for a deeper reset before re-entering? Either way, one thing is becoming clear: Bitcoin’s market structure is no longer driven by retail sentiment the way it used to be. We may be witnessing a new phase, where large capital, not retail emotion, sets the rhythm of the market. $BTC