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Korean Investors Linked to Bitcoin’s 13% Decline, Matrixport

Matrixport analysts attribute Bitcoin’s recent 13% decline to Korean retail investors, who have significantly impacted the market during Asian trading hours. The report also highlights the role of South Korean exchanges and the shift towards institutional dominance.

1 min 7 secJuly 12, 2024
Korean Investors Linked to Bitcoin’s 13% Decline, Matrixport

Who’s really to blame for Bitcoin’s recent decline? Some point fingers at Mt.Gox and the German government. However, Matrixport experts have a different take. They believe Korean retail investors played a significant role in Bitcoin’s recent downturn. But how exactly did this happen?
  
According to Matrixport’s latest analysis, a staggering 13% of Bitcoin’s overall decline in the past 30 days occurred during Asian trading hours. This suggests that Korean retail investors had a notable impact on the market. As these investors exited, institutional investors filled the void. This led to a more stable market with minimal weekend volatility.

 

 

Why is this shift significant? Matrixport analysts point out that Bitcoin is now increasingly dominated by institutional investors. This reduces volatility. South Korean exchanges significantly contribute to Bitcoin transaction volumes. 

 

This underscores the influence of Korean investors. Additionally without a crypto futures market in South Korea retail investors often turn to altcoins for leveraged options. This further affects market dynamics.

 

In conclusion, Matrixport’s findings highlight the pivotal role of Korean investors in Bitcoin’s recent decline. Institutional investors are taking the lead. The market's landscape continues to evolve. It offers new stability but also shifts power dynamics. How will this impact future trends in the crypto world? Only time will tell.

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