Yello, ParadiseClub Members! 😎 Do you know the spot market activity has been phenomenal this year? Let’s dive into the latest Coinbase data and what it reveals:
💎Since March, the $70K level on Coinbase has witnessed a significant drop in the 30-day moving average (30DMA) BTC trading volume, sliding from $25K per day to $9.7K. This decline in sell-side liquidity on the public market has contributed to Bitcoin’s sustained upward price momentum. Spot market activity has also been phenomenal so let’s analyze that data too.
💎What’s the view of the ParadiseTeam Professional Traders? With only 20 days left in the year, Bitcoin’s 129% rise so far contrasts with last year’s 156% surge—a 27% difference. The slower growth this year is primarily attributed to increased spot market activity and comparatively muted futures market movements. This shift highlights a more gradual but potentially more stable market climb.
Stay focused, patient, and disciplined Paradisers🥂
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