The analyst explained that the last time the buyers of the first cryptocurrency (Bitcoin) were so active was in March 2020, when the price of the asset fell below $ 5,000.
Chinese crypto journalist and analyst Willie Wu claims that retail investors are actively buying Bitcoin at the current market price.
The last time retail shopper activity was so high was in March 2020, when WHO announced the start of the coronavirus pandemic. Then the price of bitcoin dropped below $ 5 thousand.
The last time retail bought the dip this hard was at the bottom of the COVID crash.
Probably nothing, few, etc etc. pic.twitter.com/HuxNxYMl48
— Willy Woo (@woonomic) December 14, 2021
“The last time retail investors bought a flop this much was due to the coronavirus pandemic,” Wu said.
On December 4, the bitcoin rate for the first time since the end of September fell to $ 42 thousand. Over the course of a day, the value of an asset fell by more than 20%.
As a result of a sharp decline in quotations, traders’ positions worth more than $ 2.5 billion were massively liquidated.
On December 15, the first cryptocurrency (Bitcoin) is traded at $ 48.3 thousand, and its capitalization is $ 913 billion, according to CoinGecko.
