This is data from Citadel Securities, showing the buy and sell volumes of retail cash equities from January to November 2025. You can clearly see that from April to November 2025, retail investors demonstrated a consistent and strong net buying trend, while selling was very minimal. There were only brief and slight net sell-offs (negative values) in March, August, and October, which typically occur during the early stages of market panic or trend reversals. Although CTA strategy funds sold off approximately $100 billion worth of assets in November, retail net inflows remained positive, indicating that retail funds are at least currently playing a crucial role in providing market liquidity and acting as a buffer at the bottom. Bitget VIP, lower fees, bigger perks.