Low volumes of crypto spot markets and derivatives indicate declining conditions-market tactualizations
Low volumes of crypto spot markets and derivatives indicate declining conditions-market tactualizations
The markets for digital currencies have lost considerably in the past two weeks, and the lower prices have not triggered a higher trading volume. Data show that the cash market volume for cryptocurrencies of $ 1.4 trillion in November 2021 dropped to $ 593 billion this month. The open interest and the volumes of Bitcoin futures have also dropped considerably in the past two months.
cryptovolums have slipped from month to month since November
When crypto markets lose significantly in value, retailers usually see whether the trading volume increases to support current prices. Since a series of coins reached all-time highs in the second week of November, the crypto-spot market volume has decreased further.
Data from TheblockCrypto.com Börsen- dashboard Refersing metrics from cryptocompare.com indicates that the spot market volume has dropped from month to month since November.
While $ 1.4 trillion was recorded in November, $ 1.04 trillion were recorded in December. While the data is incomplete for January 2022, a volume of $ 593 billion has been handled.
Although the spot market volume in November was larger than that in December and in the three weeks of January, the volume of $ 2.23 trillion in May 2021 was twice as large. daily exchange volume has been followed, since the daily crypto-trade volume is lower than two Months.
On November 2, 2021, $ 53.27 billion was handled on this day, while the data from January 22, 2022 show $ 24.65 billion. While the monthly and daily spot market volumes for crypto-assets have dropped, this also applies to derivative markets such as futures and options.
When Bitcoin on November 10, 2021 an all-time high, an open interest in Bitcoin-Futures was reached the height of 28 the following day Recorded billions of US dollars. January 22 Metriken show was recorded on a number of Bitcoin futures exchanges.
With regard to Bitcoin-Futures-Volumen , they were higher in October than in November. Last October, $ 1.94 trillion were recorded, and this month only $ 1.08 trillion has been recorded. Aggregated open interest and bound volumes bitcoin options have also fallen from month to month.
The low volumes on the crypto spot markets and derivatives have largely negatively affected the crypto economy. An increasing volume usually indicates a bullish trade, but that has not been the case lately.
What do you think about the decline in volume on the cryptoma markets lately? Let us know your opinion on this topic in the comment area below.
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