New Metric Suggests Imminent Volatility for Bitcoin
The ratio of low exchange volume to high on-chain transaction volume frequently corresponds with increased volatility.
A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.
Saylor said the bitcoin market needs high-quality data, in an interview Tuesday.
Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017.
CryptoCompare's latest report shows crypto derivative volumes were up 54% in August – likely a result of the rally in bitcoin's price.
Chainlink's link token has surged past bitcoin, becoming the most traded cryptocurrency of the past 24 hours on Coinbase Pro.