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Retail Traders Drove Bitcoin Higher Leading Up to Coinbase Listing, Data Shows

Retail Traders Drove Bitcoin Higher Leading Up to Coinbase Listing, Data Shows – CoinDesk

“The whale entities chart could show that smaller retail investors are purchasing bitcoin, and large holders are selling into that rally,” one hedge fund CEO said. Bitcoin’s price rally in the days leading up to Coinbase’s hotly anticipated debut on the Nasdaq this week was largely driven by retail traders eager to get in on the action while whales were happy to take their money and swim away, blockchain data shows.