Retail investor demand for Bitcoin has surged to its highest level since 2020, indicating a renewed interest in the cryptocurrency. This increased participation from retail investors is contributing to the current strong demand, even as long-term holders begin to take profits. Historically, heightened retail activity can signal a local market top, but it also underscores a growing engagement that, when combined with institutional interest, can sustain positive momentum. As Bitcoin enters a sideways phase, retail demand may decline, but a breakthrough past the $100k mark could reignite interest and potentially lead to a euphoric market phase. Monitoring the balance between retail and institutional activities will be key, as retail enthusiasm often signals optimism, while institutional involvement supports long-term growth.