The Bitcoin (BTC) price has dropped significantly since Jan. 8. According to Nexo CEO Antoni Trenchev, retail investors may be part of the reason behind this drop.
According to him, the price correction we are seeing is due to retail investors, led by institutional investors, who drove Bitcoin’s price up.
“When BTC breaks past $ 40,000, high returns cause smaller investors to tend to sell off their BTC. There has been a series of sell-offs in recent days and the BTC price drop is a result of these transactions accumulation. ”