Bitcoin

April

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>According to SwissBlock data, <strong>spot traded volume decreased by nearly 70% in April</strong> (MoM).</li>
<li>This has been a trend that CryptoSlate has been monitoring for some time, and the <a href="https://cryptoslate.com/insights/bitcoins-steady-performance-attributed-to-low-liquidity-and-minimal-spot-volume/">spot-to-futures</a> ratio has dropped considerably, according to the Block.</li>
<li>Even though the futures side has also seen demand drop, we seem to be in this regime of a spot-to-futures ratio of 0.2.</li>
<li>Coupled with an <a href="https://cryptoslate.com/insights/bitcoin-liquidity-situation-worsening-volatility-expected-to-be-enhanced/">illiquid market</a>, this can make the market even more irrational with price action.</li>
</ul>
<figure id="attachment_322968" aria-describedby="caption-attachment-322968" style="width: 815px" class="wp-caption aligncenter"><img class="wp-image-322968 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/spot.png" alt="Bitcoin Volume: (Source: SwissBlock)" width="815" height="377" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/spot.png 815w, https://cryptoslate.com/wp-content/uploads/2023/05/spot-300x139.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/spot-768x355.png 768w" sizes="(max-width: 815px) 100vw, 815px" /><figcaption id="caption-attachment-322968" class="wp-caption-text">Bitcoin Volume: (Source: SwissBlock)</figcaption></figure>
<figure id="attachment_322969" aria-describedby="caption-attachment-322969" style="width: 525px" class="wp-caption aligncenter"><img class="wp-image-322969 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/s2f.png" alt="Spot: (Source: The Block)" width="525" height="415" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/s2f.png 525w, https://cryptoslate.com/wp-content/uploads/2023/05/s2f-300x237.png 300w" sizes="(max-width: 525px) 100vw, 525px" /><figcaption id="caption-attachment-322969" class="wp-caption-text">Spot: (Source: The Block)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-spot-trading-volume-decreased-70-in-april/">Bitcoin spot trading volume decreased 70% in April</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin spot trading volume decreased 70% in April

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