⚡️📊 NEW - Retail investors are the most notable absentees from this cycle, according to CryptoQuant.

"We are seeing the rise of new whales, companies building cash reserves, and addresses accumulating without selling. All of this makes the current cycle structurally different from previous ones."

For them, retail investors are those holding less than 0.1 BTC.

The chart illustrates the downward trend in inflows from this group of investors to Binance, which remains the most widely used exchange, particularly among retail investors.