Institutional Investors Dominated Bitcoin ($BTC) Trading in Q1, Says CryptoQuant CEO - Aliens: AI Crypto News & Markets Updates
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Institutional Investors Dominated Bitcoin ($BTC) Trading in Q1, Says CryptoQuant CEO

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CryptoGlobe

Fri, May 20, 2022

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The CEO of on-chain data firm CryptoQuant, Ki Young Ju, has revealed that institutional investors dominated the cryptocurrency space’s trading volume in the first quarter of this year, based on on-chain data and data from Coinbase’s shareholder letter.

According to Ki Young Ju, as Daily Hodl reports , institutional investors have likely been buying cryptoassets from market makers after the collapse of the Terraform Labs ecosystem , which saw $LUNA drop from a top-10 cryptoasset to nearly being worthless after UST lost its peg to the value of the U.S. dollar.

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