
This bull market in Bitcoin always makes people feel “different”.
More precisely, every Bitcoin bull market has its own uniqueness, and each cycle will bring new narratives and fresh blood.But in the history of Bitcoin,There is an element that remains unchanged: retail investors’ enthusiasm for investment in “free technology” and “financial free funds”.At least this is the case with Bitcoin’s price soaring to the moon.
Do you still remember the appearance of retail investors?Now there is only silence left…
I could not hear anything: there was no taxi driver, no distant cousin, and no kindergarten teacher to ask, “Is it too late to buy Bitcoin now?”Although some analysts believe that the “altcoin season” is about to start, I haven’t even been asked questions about “Fartcoin”, Dogecoin or Ripple, if you need it, I have a set of ready-made answers to Ripple’s questions.
In short, the core problem is: retail investors choose to miss this round of Bitcoin bull market, and the reason is by no means lack of cognition.This time it is indeed different: between a series of events such as the launch of Bitcoin ETFs, the promotion at the presidential level, and Larry Fink’s leadership in the World Economic Forum (WEF), retail investors believe that this “game” is no longer suitable for them.
To be honest, Bitcoin may not be interesting anymore, or it may be that retail investors lost too much in the last bull market and finally learned to stop playing with fire.No one even searched for related news casually: Google trends show that Bitcoin’s search popularity is not even as popular as the weak peaks of “Japanese walks” and “Labubu dolls.”
Although “no one uses Google to search for things now” may be one of the reasons, the silence of distant relatives and service industry practitioners is also obvious..
You hardly realize that this number-one cryptocurrency has stood firm at the $100,000 mark for 100 consecutive days, which is both a psychological milestone and an epoch-making turning point.In the past, whenever Bitcoin broke through the key integer mark ($100, $1,000, $10,000), a new wave of adoption and investment would be launched, and a “hockey stick-like” price surge would be ushered in.
But this time, no one cared.
Bitcoin not only maintains sky-high prices and continues to hit historical highs, but its technical support is also constantly strengthening..Bitcoin’s 200-day moving average has exceeded $100,000, a strong signal for traders and long-term holders.
In each Bitcoin bull market, after both the price and the moving average break through and stand firm in the historical resistance level, a new round of rise will often usher in.But this time, retail investors disappeared.
This cycle even eliminated some of the long-term Bitcoin giant whales, making room for those “erosive institutions that Bitcoin should have resisted.”
In 2025, there have also been major changes in the field of retirement planning:Bitcoin and other cryptocurrencies are legally included in mainstream retirement accounts, allowing tens of millions of Americans to accumulate “hard currency” directly for the future.
But retail investors are still indifferent to this.
They seemed to be “packing their luggage and going to the virtual Bahamas”, saying bluntly, “We will not participate in this bull market.”Although Bitcoin has gradually changed from a speculative trading to a standard configuration for retired investment portfolios and an option for institutional diversified allocation, the absence of retail investors always makes people feel particularly regretful.