Kaiko analysts note that the growth of the indicator coincided with the update of ATH, and traders are taking profits as Bitcoin updated its historical maximum of $73,000. The depth of asset liquidity reached a record, and the trading volume of the first cryptocurrency returned to 2021 levels.
According to on-chain analysis, a slower increase in the number of new Bitcoin millionaires is recorded. The daily increase is less than 2000. In 2021, the daily increase reached 4000.
According to Kaiko experts, the slower growth in the number of new Bitcoin millionaires is due to the fact that the whales have started taking profits, and the new capital has not yet fully demonstrated itself in the cryptocurrency market.
Previously, Kaiko analysts, in partnership with the Bitvavo exchange, conducted a study according to which only five cryptocurrency platforms accumulate 98% of the global trading volume in euros.#btc #eth #wsm