Retail investors: Are they 'badass' or 'fools'? On January 30, when $BTC dropped to 58k, retail investors (single transactions < $100K) withdrew a 7-day high of 1,236 BTC from Binance. At the same time, super whales (single transactions > $10M) were doing the exact opposite, depositing 2,609 BTC over 7 days. Although retail investors still can't compete with whales in terms of scale, they managed to absorb nearly half of the potential selling pressure. This is an unprecedented scenario since the bear market began this cycle. Logically, this shouldn't be some institution trying to avoid attention by splitting large amounts into countless small withdrawals, right? So, I took another look at the on-chain data. In the past 30 days, on-chain entities (excluding internal transfers) with balances of less than 1 BTC added 22,358 BTC; wallets with balances of 1-10 BTC added 14,789 BTC, totaling over 37k BTC. During the same period, whale wallets with balances of 1k-100k BTC added 27,458 BTC—still less than what retail investors accumulated. Looking at it this way, the massive withdrawals from exchanges really seem to be from small and medium investors. Are they crazy or what? This time, the most badass thing retail investors did was trap the big players at the peak. And now, as the big players start cutting their losses, retail investors are still trying to scoop up their leftovers?