According to Bloomberg, Bitcoin's latest decline has exposed a new weakness in market structure: Wall Street capital has brought scale and legitimacy to Bitcoin, but retail buying, which used to absorb selling pressure during sharp pullbacks, is noticeably fading.



The report said that Bitcoin fell as much as 5.4% to $59,023 on Wednesday, the lowest level since October 2024, and has fallen about 50% from its all-time high set in October last year.

Bitcoin has spent years trying to shed its label as a "retail casino," but after retail investors ebb, the institution-dominated market appears more fragile during downturns.
BTC-3.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 2
  • Share
Comment
Add a comment
Add a comment
Don’tRushToDoubleItYet.
· 9h ago
So de-retailization is a myth? Institutional market-making depth simply can't handle it.
View OriginalReply0
KiteRerouter
· 9h ago
Retail investors have fled, institutions are playing among themselves, and the drop is even more severe. I'm familiar with this script.
View OriginalReply0
GateUser-3e7da866
· 9h ago
50% drawdown, even Wall Street can't withstand it, the liquidity crisis is coming.
View OriginalReply0
  • Pinned