After a shiny 2021, this year has been really tough for all the retail players in the crypto market. The crypto market has undergone several cycles of correction and much recently during the last month.
In just the last 45 days, the crypto market has eroded more than $800 billion worth of investors’ wealth. However, COINBASE data shows that the mass EXODUS of retail players from the crypto market started itself during Q1 2022.
Citing data released by crypto exchange Coinbase last week, CryptoQuant CEO Ki Young Ju states: “76% of the trading volume at @Coinbase came from institutional investors in Q1 2022?. He further added:
“Retail investors are leaving the crypto market. Not bad for accumulating Bitcoin with institutions, but still worried about overall volume which is significantly decreased compared to last year”.
76% of the trading volume at @Coinbase came from institutional investors in Q1 2022.
