Bitcoin Upward Trend ‘Fragile’ As Spot Market Volume Drops — A Cause For Alarm?

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Bitcoin Upward Trend ‘Fragile’ As Spot Market Volume Drops — A Cause For Alarm? - NewsBTC

Quick Summary:

For the spot market, a high value on the metric mirrors investors’ inclination towards long-term bets on Bitcoin. Meanwhile, a low value often indicates that investors suggest reduced faith in the long-term promise of the flagship cryptocurrency. According to data shared by Darkfost, the increase in futures activity, combined with the decrease in spot market activity, has created an imbalance in market dynamics.

This current imbalance hints at a rise in speculative trading, meaning investors are now more motivated by risk-on sentiment, rather than long-term belief in the cryptocurrency. According to the analyst, this inclination to place bets on BTC’s short-term movement can heighten volatility, especially when these bets are not backed by strong spot demand to support the trend.

Futures Surge, Spot Falls — Binance Data Signals Need For Caution In a May 24 post on social media platform X, on-chain analyst Darkfost reported that trader activity in the Bitcoin futures market on Binance has slightly increased since May 5, while the spot market activity has dwindled considerably.