Crypto exchange web traffic suggests retail isn't playing large role in recent rally

Web traffic on cryptocurrency exchanges reached 174 million visits in June, which is virtually the same as a month before. Since February, the price of bitcoin grew by more than 250% while the crypto exchange traffic grew by roughly 68%.

There have been several indications that the price rally hasn’t been driven by retail investors as much as in 2017. For example, the number of new Twitter followers of  popular exchanges hasn’t seen an increase like in late 2017.