Ki Young Ju, co-founder of crypto analytics firm CryptoQuant, suggested that the market is quite “cold”, noting that derivatives transactions in the market are at very low levels against spot transactions.
Ki Young Ju November 1 via social media account in the post he sharedSince April 2022, derivatives trading volumes are considerably higher than spot trading volumes. low to levels He said he’s down. Market by founder when it slows down derivatives trading volumes are decreasing.
However, in the chart shared by Young Ju, from 2021 to April 2022 derivatives trading volumes to spot volumes by in the present case increasingly high is to eye hit. This is generally the case when the market is “cold”. prefer the spot market that and expanding their portfolio is showing.
Many analysts and market commentators are skeptical of the November 2020 low. Spot/Derivative By drawing attention to the long bull season that comes right after the trading volumes, we are in the market we are in. a similar scenario thinks it’s possible.
