Retail investors are increasingly turning their attention away from cryptocurrency markets and towards equities, following a significant downturn in October.
Analysis by Wintermute, citing JPMorgan data, suggests that this shift is a result of the $19 billion crash that wiped out over 1.6 million traders' positions. Since then, a near-complete pivot into equities has taken place, with equity funds continuing to attract new capital inflows.
The trend raises concerns about the long-term prospects for cryptocurrency markets and the industry's ability to recover from recent setbacks.