Although Bitcoin has just reached a new peak and remains in a high price range, enthusiasm from retail investors is almost nonexistent. The reason could be that most people are holding altcoins, and the current price level is not yet attractive enough to draw in a new wave of retail investors.

On the institutional side, despite plenty of positive news indicating that more institutions are entering the crypto market, many big names, including UBS and Bank of America, have yet to decide to participate.