CryptoQuant Founder: High Spot Trading Volume is Beneficial for the Market
CryptoQuant founder and CEO Ki Young Ju posted on social media that the BTC market has long been driven by futures, but this trend has weakened compared to the last bull market. The ratio of futures to spot trading volume has dropped 63% from its peak. I believe that a high volume of spot transactions is beneficial for the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SpaceComputer secures $10 million in funding, co-led by Maven11 and Lattice
Analysis: The UK's New Budget Exempts Cryptocurrencies from New Taxes, but Regulation Tightens
RedStone: The scale of RWA will reach $60 billion by 2026
Trending news
MoreCrypto prices
More
