An very interesting picture has emerged in the Bitcoin market. As of January 16, 2026, on-chain data clearly shows: retail investors have exited the scene, and major players (whales) have taken full control.

The retail side has become almost silent. Since the "smart money" is now in control, the market dynamics have changed fundamentally in this paradoxical situation. Looking at the data, the moves of institutional and large capital are progressing with flawless steps. The decline in retail participation undoubtedly signals a significant turning point in the market structure.