Nexo co-founder: retail investors triggered recent Bitcoin price corrections

Nexo co-founder: retail investors triggered recent Bitcoin price corrections

2021/1/12

Nexo co-founder: retail investors triggered recent Bitcoin price corrections

Golden Finance reported that Antoni Trenchev, co-founder and managing director of the crypto lending platform Nexo, believes that the current price correction is triggered by retail investors who follow the institutions that created Bitcoin's highs. He said that once BTC exceeded $40,000, earnings reached a high point, which triggered retail investors who are more inclined to sell quickly. The massive selling in recent days is the result of the accumulation of these transactions


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