Editor's PiCK
"Interest from Retail Investors in Virtual Assets Has Decreased... Trading Volume Also Sluggish"
Summary
- Matrixport revealed that interest and trading volumes by retail investors have significantly dropped in the "virtual asset" market.
- It was reported that Korea's spot daily trading volume has fallen sharply compared to last December, and Binance's trading volume also hit its lowest point.
- The report analyzed that negative sentiment could grow due to events such as the TRUMP unlock, and stressed that the market needs a new bullish catalyst.
An analysis has emerged stating that retail investors' interest in the virtual asset (cryptocurrency) market has plummeted.
On the 7th (local time), Matrixport, in a report, said, "Individual investors' interest in the virtual asset market is fading," and added, "This year, retail trading volume has reached its lowest point."
According to the data, Korea's spot daily trading volume dropped sharply from about $34 billion in December last year to $775 million. Additionally, Binance's daily trading volume also reached $5 billion, hitting its lowest level since September last year.
The report stated, "The slowdown in retail trading accelerated after the launch of Official Trump (TRUMP)," adding, "With a large amount of TRUMP set to be unlocked next week, the negative market sentiment could intensify." It further emphasized, "Many retail investors have now left the market. The market is in need of a new bullish catalyst."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
