According to Foresight News, Matrixport tweeted that despite Bitcoin approaching a historic high, cryptocurrency trading volume remains sluggish. This may indicate that retail investors - taking the low cryptocurrency trading volume in South Korea as an example, a market traditionally dominated by retail investors - have not actively participated in this round of uptrend. On the contrary, this wave of price increases may be driven by institutional investors and corporate buyers, while retail investors remain in a wait-and-see state. From a historical perspective, retail investors typically enter the market in the later stages of the cycle, driving the final wave of gains before local highs arrive - as seen in the market trends of February and November 2022. This pattern may repeat itself, and retail investors may only enter the market before another high point arrives.