Same game, new players — but retail’s now smarter

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The weakness in the market continues, with BTC and ETH down 7.5% and 9.5%, respectively, over the last seven days. With majors showing a first real sign of correction in weeks, it’s an apt time to ask if the local top could be in.

One segment of the market I like to watch is retail interest. When retail participation surges, it often signals that the crowd is in, which historically marks the local top in markets.