Retail Bitcoin (BTC) traders are becoming more active on-chain, but their ability to shape broader market direction remains limited—suggesting that much of the individual flow is still 'following money' rather than leading it. In a note published Wednesday UTC on CryptoQuant, on-chain analyst “JizCrypto” said small investors have been participating more aggressively during periods of price movement, yet their relative footprint in the Bitcoin network has not expanded.