As Bitcoin surged in late November, retail investors swarmed the market, their transactions hinting at a fresh wave of mainstream enthusiasm. However, by mid-January, their excitement waned, marking the lowest retail activity in five years — a sharp flip in sentiment that could have triggered alarm. However, Bitcoin's price stayed robust. What underpinned this unexpected stability amidst the retail exodus? Discover the key players who stepped in as retail buyers stepped back, influencing Bitcoin's course dramatically.