Market analysis
Yello, ParadiseClub Members! ð Do you know the spot market activity has been phenomenal this year? Letâs dive into the latest Coinbase data and what it reveals:
ðSince 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.
ðWhat’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 yearâs 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 Paradisersð¥
Want More Actionable and Exclusive Insights? ð GO PRIVATEð¥
MyCryptoParadise
iFeel the successðŽ
Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.
Join the discussion
No comments yet. Pro Paradiser members, share how you are reading this.