CryptoQuant founder: High spot trading volume is good for the market
Ki Young Ju, the founder and CEO of CryptoQuant, stated on social media that the BTC market has long been driven by futures, but this trend has weakened compared to the last bull market. The volume of spot and futures trading has decreased by 63% from its peak. I believe that high spot trading volume is beneficial to the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETFs score highest net inflows in 30 days amid volatility from Mt. Gox unlocks
After two consecutive trading days of net outflows, US-based spot bitcoin ETFs on July 5 saw the largest net inflows since June 6, thirty days ago, largely led by gains to Fidelity’s FBTC fund, Coinglass data shows.“The outlook for Bitcoin has never been stronger,” Bitwise’s CEO posted on X.
![](https://img.bitgetimg.com/multiLang/image/social/54a91a646eacb842666b0034054c2f001720283439825.jpg)