Report: In October, the volume of bidding on leading bitcoin-turrets decreased by 25%

In October, the volume of bidding on leading spots tracked by FORKLOG decreased by 25% to $ 558 billion. This is stated in the monthly analytical report of the magazine.

Absolutely all exchanges recorded a decrease in the indicator: in Binance it decreased from $ 541 billion to $ 390 billion, FTX from $ 52 billion to $ 36 billion. Only Coinbase was not so significant – $ 47 billion against $ 48 billion in September.

As a result, the total trading volume on crypto -rhms was minimal since December 2020.

Last month, the volume of bidding on the basis of bitcoin and Ethereum was noticeably reduced. The total platform indicator was the lowest since November 2020 ($ 810 billion and $ 680 billion, respectively).

Options behave more stably.

After the peak open interest in futures, the indicator began to fall in September. During October, the total volume of open positions decreased by 100,000 BTC.

Recall, on October 25, the price of the first cryptocurrency broke out the level of $ 20,000 after a protracted period of extremely low volatility.

In the same month, the total volume of lost bitcoins, as well as digital gold on the wallets of long -term crypto -investors reached a five -year maximum. According to Glassnode, the growth of metric values ‚Äč‚Äčindicates a decrease in an active market supply, which promises optimistic prospects for an asset, provided that the growing or unchanged demand for it.

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