Bitcoin (BTC)’s massive gains this year have done little to bring crypto day traders back into the market, according to data provided by Bitstamp.
Since the start of the year, retail training volume on the exchange’s US platform has grown to 35% from 33%, while global retail volume has only risen from 8% to 9%.
Where are the Day Traders?
In conversation with Bloomberg, numerous pro traders claim to have lost interest in crypto despite once making tremendous profits in the space – particularly after the collapse of FTX in November 2022.
Peter To, for instance – a 34-year-old professional stock trader in New York – said he made $1 million trading Bitcoin during its bull runs in 2013 and 2017. However, the asset’s 110% rise since January hasn’t been enough to bring him back to the market.
“Bitcoin is not as volatile or as driven as it was,” To said. “For traders like me who are hunting for inefficiencies in the market, it’s not as interesting. The allure is kind of g
We współpracy z: https://cryptopotato.com/pro-traders-are-avoiding-crypto-markets-despite-strong-performance/
