Bitcoin’s price continues to climb, approaching new all-time highs, but a notable disconnect exists between this surge and retail investor participation. Crypto analyst Crypto Rover points out that despite the recent BTC price rally nearing $70,000, smaller investors remain hesitant, exhibiting muted activity in recent months. 30-day data reveals that demand from these lower-volume participants has remained stagnant or negative, suggesting a delay before full retail involvement. This contrasts with past bull cycles where retail enthusiasm played a significant role in accelerating price growth. However, the analyst’s chart highlighting Bitcoin’s price movement alongside retail activity suggests potential for further gains if and when this segment re-engages, indicating that institutional support may be driving the current rally. 2013, 2017, and 2021 saw Bitcoin peaks in November-December, with each cycle lasting longer than a year before a subsequent bear market emerged. Analyst MerlijnTrader suggests that we are currently in the latter half of this cycle, potentially nearing its peak around November-December 2025, based on historical trends. He points out a significant difference between current bull market length compared to previous cycles and observes a substantial gap in retail engagement, potentially due to a lack of trust or uncertainty regarding market volatility. To understand the potential for further price growth, traders should keep an eye on potential signs of retail frenzy (Fear Of Missing Out) as it usually precedes a significant price surge.