The cryptocurrency market lost only around 11% of its investors instead of 70%, as some might think when looking at bleeding $BTC and $ETH
But calculating the number of investors who left the space by comparing capitalization of volatile assets like Bitcoin over different periods would be inaccurate. Instead, the analyst suggested looking at the capitalization of stablecoins. took less damage than anticipated by the majority of bearish analysts and economists.Such a strong drop in the value of various cryptocurrencies is most likely the result of lacking liquidity.
With the plunging price of assets like Bitcoin and Ethereum, users"Tether out" but do not move their funds out of the digital space, meaning they would most likely put them back after market sentimentUnfortunately, it is not the case for now as Bitcoin failed to hold above $20,000 and break local resistance levels due to lack of buying power on the market and fading volume between June 18 and June 26. At press time, BTC trades at $19,380.
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