[Analyst: Bitcoin Enters Institution-Dominated Era, Retail Trading Share Plummets] BlockBeats News, November 1, CryptoQuant analyst Axel Adler Jr stated in a post that the share of Bitcoin retail trading (in the $0–$1,000 range) in total trading volume has dropped from 1.8% in 2021 to the current 0.48%, indicating that the dominance of large participants in overall trading volume is increasing. As of October 2025, the daily average activity of retail trading has stabilized at $108 million, but this is significantly lower than the historical peak of $132 million to $150 million. This may suggest a shift in market structure and a decline in speculative activity among smaller participants. The daily number of transactions in the $0–$1,000 range is approximately 700,000, close to the historical average, but the average transaction size has decreased compared to previous cycles, further confirming the more conservative behavior patterns of retail participants. The Bitcoin market is showing clear signs of institutionalization: over the past four years, the share of retail trading has significantly declined, indicating that market control is shifting toward large institutions, and the influence of small speculators on overall trends is weakening. The current retail activity level, stabilized at $108 million per day, represents a new benchmark in a mature, institutionalized market—where the speculative frenzy of small investors has given way to more stable accumulation strategies.