ETFs, changing holding patterns linked to 5x drop in retail activity

According to new on-chain data from analytics firm CryptoQuant, retail investors, the small wallet holders who once fueled crypto’s cycles, are being replaced by institutional flows from exchange-traded funds (ETFs) and corporate treasuries. CryptoQuant founder and chief executive Ki Young Ju said on X that Bitcoin wallets’ average cost basis now stands at $55,900, meaning […] source: https://www.cryptopolitan.com/etfs-holding-pattern-drop-in-retail-activity/