Bitcoin

<ul><li>Bitcoin trading volume has plunged 75% from March 2022 to July 2023, signaling decreasing speculative trading.</li><li>Long-term Bitcoin holders still refuse to sell, suggesting strong ongoing confidence in future price appreciation.</li><li>Declining spot market liquidity could increase Bitcoin price volatility if new capital inflows remain weak.</li></ul>The Bitcoin spot vs derivatives volume ratio has significantly decreased in a surprising turn of events. As reported by a renowned crypto analytic firm CryptoQuant, since January 11 2023, the ratio has plummeted from 35% to a mere 6%. This drastic shift indicates that only 6% of the total Bitcoin trading volume is now on the spot market.Notably, CryptoQuant.com, a leading source for cryptocurrency data, recently highlighted a potential shift in the Bitcoin market:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4b97f55df1904443bcde01e94a7cabbc.png" />The stark drop in the volume ratio is further corroborated by the change in the total weekly trading volume of Bitcoin across all exchanges. In March, this figure stood at approximately 2.5 million BTC. However, by July, it had reduced to less than 600 thousand BTC, marking a more than 75% reduction over the specified period.This trend, though seemingly concerning, might not necessarily signal a crisis. Instead, it could indicate that the cryptocurrency market is maturing, becoming more stable and predictable, and moving away from its previously volatile nature.Read full article at<a href="https://cryptotale.org/bitcoin-investor-sentiment-remains-strong-despite-declining-trading-volume/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin Investor Sentiment Remains Strong Despite Declining Trading Volume

CryptoTale

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