There is no retail in this market.

You can feel it. No FOMO, no fresh money, just the same timeline looping the same takes while price grinds everyone down.
And that’s not automatically bearish. Early before big runs, retail wasn’t there either. Markets were thin, moves were ugly, conviction was rare.
The trap is expecting an instant reversal. This phase can drag and still hurt.
But if retail is gone, the edge is simple: survive. Don’t burn capital out of boredom. Keep a plan. Stay liquid enough to act when the game wakes up again.