Matrixport: This Round of Bitcoin Rally Likely Institution-led, Retail Traders Yet to Join

BlockBeats News, May 14th: Matrixport shared its today's market analysis, stating that the price of Bitcoin is approaching its all-time high, but the overall trading volume remains low. Taking the South Korean market, where retail participation is high, as an example, the current trading volume is still relatively low, reflecting that retail investors have not significantly entered this round of the rally yet, and the market is mainly driven by institutional and corporate buyers.

Looking back at past trends, retail funds often enter the market in the later stage of the bull run, becoming the final push before a local top. Similar patterns were observed in February and November 2022. If history repeats itself, the next local top may see retail investors entering the market in large numbers.