**Cryptocurrency News**
- Retail investors were heavily involved in Bitcoin futures trading in 2021, leading to billions of dollars in daily liquidations.
- Today, retail investors have become more "smart money" by strategically buying on dips and selling on peaks.
- Retail investors own about 15% of Bitcoin's circulating supply, which is about 3 million BTC.
- Retail investors have shown their maturity in recent years, especially during the Luna and FTX crashes in 2022, when they accumulated record amounts of Bitcoin.
- Unlike 2021, liquidations have been significantly reduced in 2023, as most futures contracts are now backed by cash instead of Bitcoin.