It has always been this way, retail right from the beginning have always be the most emotional in this crypto space, they always dump when they should hold and the always buy when they should sell, let the real players buy from retailers I don't have any problem with that but they will be back to buy the top, it's always what they do.
I think this crypto space won't be fun without retailers.
It is not like funny or not funny but it is truly related to basic components of all markets. In any market, there are market makers and liquidity providers, who are in another word can be called as winners and losers. All markets are zero-sum games so to have winners, in a same market, it is very necessary to have losers.
Retail investors can be winners or losers but most of them are losers because they are not market makers and have less experienced than market makers. Whales have to start as retail investors but they have done their investment journeys smartly and they are intelligent retail investors so that they successfully enriched their initial small investment capitals to bigger ones over time.
This market cycle shows very weak signals of participation spike from newbies and retailed investors.
https://www.coinglass.com/pro/i/bitcoinBubblehttps://trends.google.com/trends/explore?date=all&q=bitcoin&hl=en