The volumes of trading on large cryptocurrency exchanges fell to a six -month minimum, according to The Block. Traiders show more interest in speculative trade in futures than in the spawning market, writes RBC Crypto.
On April 19, on Saturday, a seven -day sliding average trading volume on exchanges such as Binance, Coinbase and Bitfinex amounted to a little more than $ 32 billion. This is the lowest indicator since mid -October 2024.
Compared to the maximum during this period, $ 132 billion in early December 2024, cryptocurrency trading volumes decreased by more than 75%. The volume of trading on decentralized platforms in April will also probably be the lowest since October last year, the report said.
Even in exchange funds (ETF), cryptocurrencies have a decrease in volumes, but not to the same extent. According to the publication, the volume of trading of the Bitcoin-ETF spotov on Thursday April 17 (the markets were closed on Holy Friday April 18) was the lowest since March 25, while the volume on Ethereum-ETF-the lowest from March 27.
The ratio of Bitcoin spare trade to the futures in 30 days has also recently decreased; Its current value is 0.19 – that is, the spray volume in relation to the futures is 19%. This is the lowest ratio since August 2024. A similar situation in Ethereum: the coefficient is 0.20 – this is the lowest value since December 2023, according to The Block.
A higher share of spare trade indicates a higher real demand for users for cryptocurrencies, while a lower value, as recently, indicates that more transactions are taking place in the futures markets. Probably, the authors of the report are noted, because these transactions are more speculative than on spot, as well as a credit shoulder is used in them.
SOLANA cryptocurrency (SOL) showed a small increase in the weekly bidding compared to Ethereum. The report said that this has changed the tendency to a decrease that continued with SOLANA from January to March.
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Source: Cryptocurrency
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