Matrixport Research: Bitcoin volatility drops to 41%, institutions dominate the market

Odaily News Matrixports latest report points out that despite Bitcoins rebound of more than 300% since the end of 2022, retail participation remains sluggish, the market is dominated by institutional investors, and volatility has dropped to 41%, below the 5-year average (60%). As retail participation decreases, Bitcoin is increasingly dominated by institutional investors, resulting in lower volatility. When Bitcoin fell below $60,000, the liquidation of retail positions in South Korea further demonstrated this significant shift from retail to institutions. At the same time, ETFs continue to maintain steady inflows. The report also shows that most of the declines in the past 30 days occurred during Asian trading hours, accounting for -13% of the overall decline of -15%, mainly affected by Korean retail trading activities. Google Trends data shows that Bitcoin search trends have dropped from 100% in 2017 to 41% in 2024, indicating limited retail interest, but improved awareness. The trading volume of Korean exchanges is closely related to the annualized funding rate of Bitcoin. Korean retail investors play an important role in the altcoin market, bringing a large number of leverage opportunities.