Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist
The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.
Updated Mar 6, 2023 at 2:58 p.m. UTC
![Total bitcoin flows](https://www.coindesk.com/resizer/XOhzOfgiqqECehj0lyu26BnKhyQ=/567x389/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OO5GVNLOIBGMHAUVJ5XAKW6O3U.png)
Bitcoin (BTC) retail investors have picked up the slack amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou.
The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000, as CoinDesk has reported. However, all eyes are on a pickup in retail investment, especially given a new round of U.S. stimulus checks going out in recent days.
- Retail investors have purchased over 187,000 bitcoins so far this quarter, compared to roughly 172,684 by institutional investors, according to JPMorgan estimates.
- Institutions were heavy buyers in Q4, far outpacing retail investment.
- But now, both retail and institutional bitcoin flows are more equally balanced compared with Q4.
- The news was reported earlier by Bloomberg.
![Table shows a breakdown of bitcoin flows since 3Q 2020.](https://www.coindesk.com/resizer/06wiGMpyI_cLg4jz3teXespMpYc=/560x423/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WDF2PYAMERCVLE2GECTHPZUKKA.png)