At year-end 2025, Bitcoin hovers around $93,383 as small investors retreat from exchange platforms like Binance, shifting market dynamics toward larger players and ETFs.

Whales are massively expanding long positions, with data indicating a widening delta between whale longs and retail traders and notable new inflows to 10–100 BTC wallets on Binance.

CoinShares shows a broad weekly inflow of roughly $716 million, underscoring how ETFs and institutional participation are becoming central to market movements.

Micro-holders continue active trading with very small deposits (0.001–0.01 BTC), totaling about $3.88 million over the past month, highlighting ongoing but highly volatile activity at the smallest end.

Retail deposits on Binance have fallen to a historic low of 411 BTC per day, signaling reduced small-investor participation despite overall market euphoria.

The market mood points to a shift from a retail-driven, community crypto scene to a more institutional, ETF-driven environment, potentially rebalance market dynamics.

ETFs attract modest investors seeking simplicity and fewer exchange risks, reinforcing the move away from traditional crypto exchanges.