Bitcoin's spot-to-derivatives daily trading volume has tanked by nearly 80% in three months as prices have rallied 70%. Reports godbole17.
The ratio between bitcoin's daily trading volumes in spot and derivatives markets has slipped to an 11-month low, signaling renewed speculative activity in the crypto market.
The decline comes amid a 70% year-to-date rise in bitcoin's price and indicates improved risk appetite in the crypto market and potential for price volatility.
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