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Nexo CEO Believes Retail Investors May Be One of The Reasons Behind BTC's Pullback
Summary: Antoni Trenchev, CEO for Nexo told Cointelegraph that retail investors may be one of the reasons behind BTC's decline. He explained: "Once BTC passed $40K, earnings were at a height that triggered smaller investors who are, understandably, more prone to selling quickly. There has been a flurry of sell-off transactions in recent days - the ...
Antoni Trenchev, CEO for Nexo told Cointelegraph that retail investors may be one of the reasons behind BTC's decline. He explained: "Once BTC passed $40K, earnings were at a height that triggered smaller investors who are, understandably, more prone to selling quickly. There has been a flurry of sell-off transactions in recent days - the BTC price drop is the result of an accumulation of these transactions.”
Trenchev acknowledged that institutional investors have a great impact on the price of Bitcoin, but retail activities should also be paid close attention. He said: "Many will panic, take their profit, and walk away — which can have a domino effect on the rest of the market."
By Mary Liu
Tags: Antoni Trenchev,Bitcoin,Institutional Investor,Nexo,Retail Investors
Link: Nexo CEO Believes Retail Investors May Be One of The Reasons Behind BTC's Pullback [Copy]
