Retail traders are still not present in the Bitcoin market. This begs the question of whether their arrival could propel another price surge for the asset in the next few months. Data from Google Trends shows the typical behavior of retail investors, as they tend to search more for investment options that are very hot. This leads to them entering the market in question in what has been termed as FOMO (fear of missing out) The cryptocurrency market is perhaps best known for such sentiment changes as it tends to get overheated really quickly when demand from such investors skyrockets.
Source: Jordan Lyanchev, 2024-02-26; https://cryptopotato.com/retail-traders-still-missing-can-they-push-bitcoins-price-to-new-ath-soon/