Retail bitcoin activity at APAC has surpassed America and Europe, run by non-institutional partnership, according to Gemini and Glasnod.
The retail traders of the Asia-Pacific sector are stepping into Bitcoin (BTC), while the US is behind. According to Gemini’s latest when retail activity in Asia, except for exchange-traded funds and exchange flows, is increasing rapidly than the US and Europe, then according to the latest of Gemini research report Made in collaboration with Glasanod.
Research on Glasanode analyzed the transaction timestamp linking BTC activity in various fields with work hours. Conclusions suggest that “retail activity in the APAs region has increased in faster clips compared to other geography.”
Since the reduction of bitcoin cycle in December 2022, the APAC has reached 6.4%year-on-year, showing the survey. For comparison, the US saw a decline of 5.7%, while Europe fell 0.7% according to the same deadline.
“This observation is interesting, reflects an inverse in behavioral activity between America and America
The APAC region, suggest a shifting dominance in retail activity between the two regions. ,Glasanode
Institutional investors have played a major role in the US bitcoin flow, especially after the launch of the spot ETF. But outside the ETFs and exchanges, APAC traders are leading. Analysts say “it is likely” that the launch of the US Spot ETF in January 2024 played an important role in this trend, “Retail and new opportunities for institutional investors to get exposed to bitcoin.”
Additionally, the education and understanding of the asset class has “improved to a large extent,”
“Mature the investor profile,” Glasnode note.
