Analyst: Bitcoin Enters Institutional Dominated Era, Retail Trading Share Shrinks

BlockBeats News, November 1st, CryptoQuant analyst Axel Adler Jr posted that the proportion of Bitcoin retail transactions (in the $0–$1000 range) has decreased from 1.8% in 2021 to the current 0.48%, indicating that large participants' dominance in overall trading volume is strengthening.

As of October 2025, the daily average activity of retail trading has remained stable at $108 million, but significantly lower than the historical peak of $132 million to $150 million, which may suggest a shift in market structure and a decrease in speculative activities by small participants.

The daily number of transactions in the $0–$1000 range is about 700,000, close to the historical average level, but the average transaction size has decreased compared to previous cycles, further confirming the more conservative behavior of retail participants.

The Bitcoin market is showing significant institutional characteristics: over the past four years, the proportion of retail trading has significantly decreased, indicating a shift in market control to large institutions and a weakening influence of small speculative traders on the overall trend. The current retail activity remains stable at a daily $108 million level, representing a new benchmark in a mature, institutionalized market—where retail investor speculative fervor gives way to a more prudent accumulation strategy.