CryptoQuant reports peak in BTC spot trading volume in October
Crypto Briefing
CryptoQuant reports that Bitcoin spot trading volume peaked in October, indicating direct buying is driving market activity.Summary
CryptoQuant reports that Bitcoin spot trading volume reached its highest level in October, surpassing derivatives activity. This surge signals a shift towards direct buying and selling, contributing to market stability as Bitcoin navigates a broadening range pattern. Stablecoin reserve ratios on exchanges suggest potential buying opportunities, and while long-term holders are realizing profits, the spot-driven stability may reduce risks associated with derivatives positions. This contrasts with previous periods where derivatives trading fueled volatility and liquidation events.
(Source：Crypto Briefing)