Data from the SEC reveals that Thai people are trading less continuously. From the beginning of the year until now, only 3 hundred thousand remaining active accounts were found.
On 24 July 65, the Office of the Securities and Exchange Commission or the SEC has issuedreportWeekly summary of key information about the digital asset market reveals that the global digital asset market It has a total market cap or market cap of about $1.06 trillion or about 38.8 trillion baht, of which 42.2% comes from Bitcoin, with a total of $101.51 billion in daily trading. Approximately 3.7 trillion baht
Year 2022, the cumulative turnover by type of digital assets led by Tether, the owner of the most active stablecoin coin. It has the highest cumulative trading value at 10.80 billion baht, followed by Bitcoin at 86 billion baht and Ethereum at 57 billion baht.
Meanwhile, the total digital asset trading value in Thailand in June 2022 was at 72 billion baht, the lowest since November 2021 when Bitcoin hit the latest all time high, with the highest trading at 250 billion baht. Big comes from the decline of local traders.
If since the beginning of 2022, digital assets that are popular in Thailand It is still considered to give almost all negative returns continuously. Leading the way, KUB has the most negative returns at -67.71%, followed by Ethereum -60.64% and XRP -55.25 and Bitcoin -51.71%.
Interestingly, the highest yielding asset was Coal at +111.37%, Oil +30.19%, and the stock market in emerging countries +2.64%.
In addition, the number of individual trading accounts in the country has started to decline steadily since the beginning of 2022, from a total of 2.86 million accounts, which may be related to the declining direction of Bitcoin’s price. 6.82 hundred thousand accounts in February at 4.89 hundred thousand accounts, March at 4.75 hundred thousand accounts, April at 4.54 hundred thousand accounts, in May at 4.77 hundred thousand accounts, and in June at 3.24 hundred thousand accounts, or 11.3% of the total amount.
In addition, foreign juristic persons have begun to become the main buyers in the Thai digital asset market.
- March 2022 net buy at 4.6 billion baht
- April 2022 net buy at 2.1 billion baht
- May 2022 net buy at 1.5 billion baht
- In June 2022, net purchase was at 3.9 billion baht.
- July 2022 (July 18, 20) with a net purchase of 3.1 billion baht.
But the Thai retailers started to return to net sales, with the month of March selling over 2 billion baht, June selling 1.3 billion baht and July (18 July 65) selling 1.5 billion baht.
Including foreign retailers, they have continued net sales as well. Since the beginning of the year 2022, it has been sold for a total of more than 1.6 billion baht.
Source: Press Release