Bitcoin’s latest market structure is showing a striking imbalance, as whales are stepping in, but retail investors remain largely absent.
On-chain analytics platform CryptoQuant shared insights from analyst Darkfrost, who noted “the rise of new whales, companies building treasury reserves, and addresses that accumulate without selling.” According to the analyst, these factors make the current cycle “structurally different from previous ones.” This shift in participation highlights how institutional and high-net-worth entities have taken center stage.
Spot Bitcoin ETFs, which were once a driving force for retail exposure, saw net outflows of roughly $191 million on October 31, marking the first major withdrawal streak since March. For the first time in months, ETF demand trails behind miner issuance, creating short-term selling pressure.
However, the SEC’s approval of in-kind redemptions could eventually make ETFs more efficient and appealing to long-term investors by reducing transaction costs and improving liquidity.
Data from CoinMarketCap reveals Bitcoin was trading around $101,500 at press time, below the 200-day moving average, which signals lingering weakness. The MACD histogram remains positive, suggesting a potential reversal, while the RSI at 48 and muted volume highlight caution.
Support levels sit between $103,000 and $108,000, while resistance looms near $116,000 to $120,000. A confirmed breakout above that zone could restore bullish momentum, whereas a drop below $106,000 might pull Bitcoin toward the $100,000 mark.
Adding to the mix, the upcoming BIP-119 technical upgrade and the launch of sBTC, combined with ongoing macroeconomic influences—from U.S.-China trade tensions to the Federal Reserve’s rate policies—are shaping a cycle dominated by patience and accumulation.
For now, Bitcoin’s direction hinges on whether institutional inflows rebound and retail confidence returns. As whales continue to build positions, the absence of retail investors may be the quiet reset before the next major move.
https://bitcoinethereumnews.com/bitcoin/bitcoin-whales-are-present-but-retail-players-are-no-where-to-be-found-expert-speaks-on-potential-impact-%e2%8b%86-zycrypto/
