While Bitcoin approaches its historical high, trading volume remains relatively subdued across the crypto market, according to a recent report from Matrixport. This suggests that retail investors may not be actively participating in the current price surge. Notably, South Korea, which traditionally sees robust retail investor activity, has seen low trading volumes despite the recent price increase. Institutional investors and corporate buyers are largely driving the upward movement in Bitcoin prices. However, many retail investors remain on the sidelines, possibly waiting for a favorable opportunity before entering the market again. This pattern aligns with historical trends, where retail investors often enter later in an economic cycle, potentially contributing to a final push toward a local peak. This could happen again with retail investors potentially buying into Bitcoin before another peak.