Interesting numbers, who would say that retail lead compared to institutions in Q1 2021, but all thanks to 3 times less investment when it comes to funds if we compare Q4 2020 with Q1 2021. I have to admit that this definitely breaks the theories that ordinary people stopped buying BTC because of its high price, obviously in this case we can apply the old saying "Vires in numeris".
We can assume that the share of retail will now increase even more due to stimulus checks, of course assuming that part of these funds will spill over into crypto as has been the case in the past.
Retail is always the bigger one, but companies end up doing it all together at once and that is why it looks like they lead. Normally, every single day, we lead as retail and they are behind, nearly every single day, but then one day they come in and spend a billion dollars and get out so it looks like they beat us that day.
On top of that, they just buy and hold, which means they are not helping the market long term, sure when they buy it the price goes up but after that the market is again retail buyer and retail seller so we could end up having more retail sellers since price is higher and everyone wants that money, so they are not helping long term neither. Long story short, companies are a good thing for us, but they are not a great thing, they are just decent, sure it helps but it is not as big of a deal as people make it out to be.