Recently, many people have been saying, "Retail investors haven't gotten on board, BTC is being pumped by institutions." But the data might not be quite what everyone thinks. 😮 On May 10th, analyst Murphy stated that in this round of Bitcoin market movement, retail investors haven't actually missed out completely. Data shows that small addresses holding less than 1 BTC have actually increased by over 23k BTC in the past 30 days, and there have been significant accumulations around $66k, $70k, and $80k. 📈 To put it simply, many of the small retail investors still in the crypto space are no longer the "newbies" they once were, but rather seasoned players who have been repeatedly beaten by altcoins and derivatives. 😂 They no longer chase high prices recklessly; instead, they are becoming more confident to buy as prices fall. More importantly, the big whales are also moving. Whales holding over 10k BTC have been aggressively accumulating coins since around $66k, with a peak net increase of over 140k BTC in 30 days, marking the largest net inflow in nearly two years. 🪙 What does this mean? Simply put: retail investors haven't left, and whales are still buying, so the market support is actually getting stronger. 👉 In the short term, there may still be some volatility, as profit-taking at high levels is inevitable. 👉 But in the medium to long term, as long as large funds continue to buy, it will be very difficult for the market to truly turn bearish. 📌 There is a very real market rule: prices always move toward the "least resistance." Now, with fewer people willing to sell below, BTC will naturally find it easier to push higher. 🔥 My simple view is: the biggest danger in this round isn't missing the boat, but thinking there will always be a "lower price," and thus waiting and missing out time and again. The real big move often happens gradually when everyone is half-believing and half-doubting. 🚀