CryptoQuant reports peak in BTC spot trading volume in October
Key Takeaways
- Bitcoin spot trading volume reached its highest level in October, per CryptoQuant.
- Renewed spot market activity signals direct buying and selling is driving recent market action.
Bitcoin spot trading volume reached its peak in October, according to CryptoQuant, as buying and selling activity accelerated across major exchanges amid renewed market participation.
The surge in spot volume comes as Bitcoin has been navigating a broadening range pattern since summer, often viewed as a bullish setup that supports stability.
Stablecoin reserve ratios on exchanges like Binance indicate buy opportunities, reflecting improved spot market conditions following recent liquidation events that had previously pressured prices.
While long-term Bitcoin holders continue to realize profits at elevated levels, spot-driven stability could help mitigate correction risks from overexpanded derivatives positions.
The October peak contrasts with periods when derivatives trading and open interest expansion contributed to increased market volatility through potential liquidation events across outstanding contracts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XTZ has dropped 56.21% so far this year as the overall market experiences a decline
- XTZ fell 0.25% in 24 hours to $0.5645, reflecting a 56.21% annual decline amid broader market pressures. - Technical indicators show deteriorating trends, with oversold RSI and downward-moving 50/200-day averages failing to signal recovery. - Market participants monitor the $0.54 support level, with further declines risking psychological $0.50 thresholds and altcoin sell-offs. - A backtesting analysis of similar -56.21% declines aims to identify historical patterns for potential bounce scenarios or exten
ETC has dropped by 38.51% over the past year as the market remains uncertain
- ETC fell 38.51% in 1 year amid market uncertainty, with 16.43% monthly and 3.57% weekly declines. - Technical indicators show bearish bias, weak RSI/MACD, and institutional selling pressure above key moving averages. - Analysts highlight macroeconomic risks and lack of bullish catalysts, with traders adopting defensive strategies like put options. - Backtest analysis of -10%+ declines could reveal recovery probabilities and optimal trading strategies for current consolidation patterns.
Solana News Today: Solana's Drive for Institutional Adoption Poses a Challenge to Ethereum's Lead in Tokenization
- Bitwise's Solana Staking ETF (BSOL) raised $289M rapidly, leveraging 82% staking yields (7% annual) to attract institutional investors. - Reliance, JPMorgan, and Western Union are integrating Solana for digital assets, citing 65,000 TPS capacity and low-cost transactions. - Solana's tokenization growth includes gold-backed GLDY stablecoin and $90M+ tokenized equities, challenging Ethereum's $480B market cap dominance. - With 3.5k TPS and 7% staking yields, Solana's "two ways to win" strategy (price appre
SHIB Price Remains Steady as ETF Listing Boosts Institutional Awareness
- T. Rowe Price filed a Form S-1 with the SEC to include Shiba Inu (SHIB) in a multicrypto ETF alongside Bitcoin and Ethereum. - SHIB's inclusion signals growing institutional confidence, despite a 54.06% annual price decline and bearish technical indicators. - The ETF proposal highlights SHIB's expanded ecosystem (e.g., Shibarium) and potential as a diversified crypto asset. - Market analysis shows SHIB trading near $0.00000973 with weak RSI and net outflows, raising questions about demand-driven recovery.
Trending news
MoreCrypto prices
More
