Whales profited from retail investors in 2022 crypto crash, report
A unique database by banking institute BIS reveals turmoil in 2022 caused upticks in crypto trading, but whales sold while krills bought.
Cryptocurrency news by Protos · Protos
February 22, 20234m 46s
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Show Notes
A new report by the Bank for International Settlements (BIS) reveals most retail crypto investors bought the dip in the wake of Terra Luna and FTX’s collapse while larger investors mainly sold. As a result, a majority of crypto app users in “nearly all economies” have made losses on their bitcoin holdings, with whales selling “at the expense of smaller holders.”
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