Matrixport Reveals the Real Reason for the Decline in Bitcoin (BTC)!

BitcoinAs the reason for the recent decline in Mt.Gox and the German government while Matrixport pointed the finger at Korean investors for the decline.

Matrixport, which analyzed the connection between the decline in Bitcoin and Korean investors in its latest analysis, “The recent decline was likely influenced by Korean retail traders” said.

At this point, analysts noted that most of Bitcoin’s decline in the last 30 days, 13 percent of the overall 15 percent decline, occurred during Asian trading hours.

Analysts stated that this decline indicates that retail investors are leaving the market and institutional investors are entering the market. BTC He said that as he bought more and more, the price became more stable and volatility decreased.

“We believe that Korean retail investors were influential in Bitcoin’s recent decline, as the majority of the overall decline in BTC occurred during Asian trading hours.

In addition, as retail investors left the market, institutional investors took their place. As can be seen from ETF inflows, there is a visible shift from retail investors to institutional investors.

The market is now more stable and weekend volatility is minimal as many investors also follow institutional buying and selling from Monday to Friday.

“Due to limited retail activity, Bitcoin is increasingly dominated by institutional investors, leading to reduced volatility.”

The report also noted that BTC trading volumes on South Korean exchanges have a significant share in their annual volumes, and analysts said that Korean investors, as in BTC, altcoin He said that it also played an important role in their volumes.

According to the report, since there is no crypto futures market in South Korea, retail investors often turn to altcoins as a leverage opportunity.

*This is not investment advice.