Bitcoin wiped out stablecoins!  Here is the shock report from Bybit

In the dynamic crypto landscape, institutional and retail investors are constantly reevaluating their asset allocation strategies. Recent report from Bybit reveals an interesting trend ! A decrease in exposure to stablecoins in favor of increased interest in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Bitcoin is gaining ground against stablecoins!

According to Bybit's report covering the period from December 2023 to May 2024, BTC remains the most widely held asset by users. It represents 26% of all user assets on the crypto platform. This preference for Bitcoin highlights its role as a cornerstone in cryptocurrency investment plans.

Additionally, the share of stablecoins in total assets has almost halved. They fell from 50.2% in December 2023 to 42.8% in May 2024. This pivot away from stablecoins suggests growing confidence in more volatile crypto assets as major components of investment portfolios.

€20 bonus for registering on Bitvavo
This link uses an affiliate program

Crypto investors are positioning themselves on safe values

The report highlights notable differences between institutional and retail investment trends. Institutions are focusing more on Bitcoin and Ethereum, seen as large-scale assets. In May, institutional positions in BTC and ETH were concentrated at 38.9% and 20.3%, respectively. In contrast, retail traders show a preference for BTC compared to ETH, although less marked than that of institutions.

The movement away from stablecoins and toward more established cryptocurrencies like Bitcoin represents growing confidence in the ecosystem. Traders are starting to value cryptos as both safe haven and growth assets. And this, depending on market conditions. This indicates a growing maturity of the crypto market, where institutional and retail investors are increasingly recognizing the long-term potential of these digital assets beyond their short-term volatility.

Maximize your experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Click here to join 'Read to Earn' and turn your passion for crypto into rewards!

Similar Posts