Data: Bitcoin's spot trading volume compared to derivatives has hit a historic low.
2023-08-10 14:06
Odaily News: CryptoQuant data shows that the ratio of Bitcoin spot trading to derivatives trading has reached a new historical low.
According to UTXO Management analyst Dylan LeClair, this data indicates that the current market is simply a battlefield for derivative traders, with most bearish spot traders having sold out completely, while bullish spot traders may have fully deployed their funds or are still waiting on the approval of a Bitcoin spot ETF.
According to UTXO Management analyst Dylan LeClair, this data indicates that the current market is simply a battlefield for derivative traders, with most bearish spot traders having sold out completely, while bullish spot traders may have fully deployed their funds or are still waiting on the approval of a Bitcoin spot ETF.
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