I have a theory that retail may not ape in this cycle as much as they did in the last one.
Last bull run we had covid boredom (people sat at home with nothing to do) + a LOT of stimulus = a lot of new money flowing into crypto, especially alts.
This time we have the institutions of course, and I don't underestimate how big that could be for Bitcoin this cycle (although it could be more "slow and steady" than face-melting gains).
But it feels like retail are still licking their wounds from the last cycle and less likely to join the fun time round.
What do you think?
I think for BTC it doesn't really matter too much, but for alts we might not see the kind of returns everyone's expecting.
Retailers usually do have only but little impact on the market but they cannot be underestimated too, one very significant difference created between the impact of the retailers and the institutions is that with the retailers their impacts may not be lasting enough but with the institutions it may not be quick enough because its not based off impulse but its effects are usually lasting and very impactful enough. i believe that if the market this time is impacted more by the institutions then its a much more better and preferable option than it will be with the retailers but don't think they will be put out totally because they will be busy this time.