Matrixport Research: Bitcoin volatility drops to 41%, institutions dominate the market
Odaily2024/07/12 10:06
By:Odaily
Odaily News Matrixports latest report points out that despite
Bitcoins rebound of more than 300% since the end of 2022, retail participation remains sluggish, the
market is dominated by institutional investors, and volatility has dropped to 41%, below the 5-year average (60%). As retail participation decreases, Bitcoin is increasingly dominated by institutional investors, resulting in lower volatility. When Bitcoin fell below $60,000, the liquidation of retail positions in South Korea further demonstrated this significant shift from retail to institutions. At the same time, ETFs continue to maintain steady inflows. The report also shows that most of the declines in the past 30 days occurred during Asian trading hours, accounting for -13% of the overall decline of -15%, mainly affected by Korean retail trading activities. Google Trends data shows that Bitcoin search trends have dropped from 100% in 2017 to 41% in 2024, indicating limited retail interest, but improved awareness. The trading volume of Korean exchanges is closely related to the annualized funding rate of Bitcoin. Korean retail investors play an important role in the altcoin market, bringing a large number of leverage opportunities.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
Altcoins Moving Up: They Outperformed Bitcoin and Ethereum – Analysts Assessed the Situation
Following the FED's interest rate decision, it was observed that the market values of altcoins increased more than that of Bitcoin.
Bitcoinsistemi•2024/09/21 06:21
Here’s Which Countries Lead in State-Held Bitcoin Reserves
Cryptodnes•2024/09/21 05:46
Trump silent on crypto platform, SEC urged to clarify airdrops: Finance Redefined
Cointelegraph•2024/09/21 05:00
Indian Supreme Court YouTube Channel Hacked, Promoting Ripple Cryptocurrency
Cryptonewsland•2024/09/21 04:36
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$63,083.48
-0.98%
Ethereum
ETH
$2,551.6
+0.29%
Tether USDt
USDT
$1
+0.00%
BNB
BNB
$575.14
+0.29%
Solana
SOL
$146.89
-0.86%
USDC
USDC
$1
+0.00%
XRP
XRP
$0.5826
-1.04%
Dogecoin
DOGE
$0.1052
-1.14%
TRON
TRX
$0.1518
-0.56%
Cardano
ADA
$0.3550
-0.63%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, SCR, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now