Cryptocurrencies

Retail Investors Are Playing ‘Hot Potato’ as Rotation to Crypto Escalates

  • Traders are shifting between hottest asset classes, Vanda says
  • Pattern is reminiscent of cryptocurrency bull cycle in 2017
Photographer: Wei Leng Tay/Bloomberg
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Here’s one way to conceptualize the wild and wacky retail trading that’s marked 2021: A game of hot potato.

That framework was laid out by Vanda Research’s Ben Onatibia and Giacomo Pierantoni in note.