According to Dan Held (@danheld), only a small fraction of market participants are actively pricing in Bitcoin, with 99% of people not paying attention to BTC market dynamics (source: Dan Held, Twitter, May 12, 2025). This suggests that current Bitcoin price action is largely driven by well-informed traders and institutional investors, making market movements highly sensitive to changes in sentiment or news within this minority group. For crypto traders, this highlights the importance of monitoring whale activity, institutional flows, and sentiment indicators to anticipate potential price swings and capitalize on volatility, as retail participation remains low.

According to Dan Held, the cryptocurrency market is witnessing unprecedented levels of complexity and volatility. Traders are advised to closely monitor market trends and leverage advanced trading strategies to navigate the current landscape effectively.