FOMO Hati-hati: Spot Bitcoin Volume Pembelian Tetap Rendah, Meskipun ATH Baru

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Rab, 3 Nov 2021 11:00

FOMO Hati-hati: Spot Bitcoin Volume Pembelian Tetap Rendah, Meskipun ATH Baru

Bitcoin has maintained high prices well into the first week of November. The month is expected to follow bullish trends that were triggered in the previous month and bitcoin has not been disappointed in this regard. However, some metrics remain low compare to the price of BTC. This could be as a result of investors taking profit in the market but low enough to draw attention to them.

BTC telah melihat banyak investasi mengalir ke dalamnya seminggu setelah ETF pertama ditayangkan. Arus masuk senilai $1.4 miliar yang memecahkan rekor untuk minggu ini telah mendorong harga aset digital menuju level tertinggi baru sepanjang masa. Namun, minggu-minggu berikutnya belum bernasib baik di pasar. Salah satu cara penurunan arus masuk ini telah bersinar melalui volume perdagangan spot untuk aset tersebut.

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Dibandingkan dengan harga aset digital saat ini, volume perdagangan spot diperkirakan akan naik seiring dengan kenaikan harga. Ini tidak terjadi. Volume perdagangan spot untuk minggu ini turun dibandingkan minggu sebelumnya. Rata-rata perdagangan 7 hari untuk aset digital menunjukkan tren turun yang signifikan dalam periode waktu yang sama. Penurunan hampir $1 miliar membuat volume perdagangan riil rata-rata 7 hari untuk aset turun menjadi $6 miliar.

The last time BTC was this high, spot trading volumes were significantly higher. The Spring rally saw spot volumes go up along with the price of bitcoin, driving the price higher in that regard. This time, trading volumes have continuously decreased despite the price of the digital asset hitting a new all-time on October 20th.

Spot trading volumes are crucial to the performance of the asset in the market. If the market is to see BTC challenge a new all-time high, it is expected that spot trading volumes would need to go up to accommodate for this increase. Otherwise, momentum in the asset may slow to a crawl, causing the value to stagger downwards in the meantime.

Bitcoin futures premium saw a significant uptick in October with the release of the ETFs that brought strong institutional demand into the market. The momentum was maintained for the better part of a week. However, the market is beginning to see a substantial decline in demand.

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Premi berjangka pada CME mengalami penurunan kembali ke level awal Oktober. Peningkatan aktivitas cash-and-carry di CME Futures diperkirakan menjadi pendorong utama di balik penurunan ini. Namun, ini merupakan indikasi yang jelas bahwa minat institusional mengalami penurunan tajam setelah pembukaan rekor ETF pada bulan Oktober.

Open interest on CME has also recorded a decline. But this has not been the case across all open interest platforms. Open interest on top cryptocurrency exchange Binance has seen growing interest. Cash-and-carry activities indicate traders are increasing their exposure. Although some traders who had long exposure on CME had seen gains by the close of last month.

Sumber asli: NewsBTC