Bitcoin (BTC) Participation Hits Record Low: Where Did Retail Go?

The Bitcoin (BTC) market structure has changed immensely since 2017. In fact, new data revealed that retail participation in Bitcoin has fallen to a nine-year low on a prominent exchange, as small-scale investor activity is now largely absent. Such a trend indicates that BTC ownership may be more centralized today than in the past. Bitcoin Becomes More Centralized? According to the latest observation by CryptoQuant a…