reflects the observed drop in Bitcoin interest on exchanges. However, the metric indicates that demand is slightly higher than it was at its lowest point in November.All the above metrics point towards one conclusion, which is that demand for Bitcoin has tanked substantially. This is especially the case for the derivatives market. This is a sign that investors are experiencing moreWell, the king coin has actually experienced lower leverage in the last few weeks.
We have seen multiple scenarios in H2 where Bitcoin went through phases of low volatility and lateral price movement. eventually returns and the same case is expected for Bitcoin sometime soon. Once that happens, we should expect substantial bearish or bullish volume.Subscribe to get it daily in your inbox.