Retail traders often join the Bitcoin rally late, typically following strong momentum or fresh all-time highs — and 2025 seems no different. As Bitcoin approached $104,000 on May 14, retail participation remained subdued, even as institutional buying continued to dominate. Analysts suggest that retail investors have been the largest net sellers of BTC this year, while institutions have accumulated during dips. However, if past trends repeat, a wave of retail interest is likely to build roughly a week after BTC crosses the $109,350 threshold, potentially adding more fuel to the ongoing bull run.
BTC/USDT Daily Chart

BTC corrected by nearly 32% from its all-time high of $109,588 to a low of $74,508. The asset formed a ‘long-legged spinning top’ candle at the key support level of $73,500 and began moving upward. It broke out above the downtrend line and rallied to $105,815. Following this move, BTC has been consolidating within a range of $101,500 to $105,000, accompanied by declining volumes. The asset faces strong resistance at $110,000, while $100,000 is expected to act as strong support.
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