Where did the crypto retail investors disappear to?

Added: 2026-05-28

[00:00:00]Yeah, so it seems like the market has found its legs. [snorts] Um I think what you saw since October was just a total decimation of retail.

[00:00:11]Retail had clearly exited the market. If you talk to all the exchange founders, they'll tell you that there's just no retail activity. It's a It's a tiny tiny fraction of what it was during the the the really uh hot periods of 2025.

[00:00:25]And retail's flighty. We've seen this before. We've seen this many, many times. Uh if you look at the core metrics of retail attention, if you look at, you know, search volumes, you look at, uh retail thing focus exchanges and what their volumes are, uh if you look at, uh you know, installs on the App Store, there's there's all these things that are very tight measures of retail sentiment or retail engagement, and they cratered after 10/10.

[00:00:51]So, we know that retail was gone. Um now that being said, who is buoying the market? The answer is institutions.

[00:00:57]Institutions are actually still here.