What The Spike In The XRP Volume Means For The Digital Asset
XRP is recording unusually high trading volume while its price remains largely unchanged, creating a clear disconnect between activity and price movement. With billions of dollars flowing through the asset as it trades sideways near $1.37, attention is shifting from price action to what this surge in participation reveals about current market behavior and what […]
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On-chain analytics firm Santiment has revealed how the two largest spikes in trading volume coincided with recent buying and selling windows for Bitcoin. Trading Volume May Signal Tops & Bottoms For Bitcoin In a new post on X, Santiment has talked about a pattern associated with the trading volume of Bitcoin. The “trading volume” here refers to a metric that keeps track of the total amount of the cryptocurrency that’s becoming involved in trading activities on the various centralized exchanges. When the value of this metric is high, it means the traders are making a large....
Data shows the Bitcoin Net Taker Volume on Binance has taken one of its most negative values in recent years as the cryptocurrency’s price has plunged. Bitcoin Binance Net Taker Volume Has Fallen Deep Into Red Zone As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Net Taker Volume has seen a notable uptick in bearish sentiment on Binance. The “Net Taker Volume” here refers to an indicator that measures the net amount of taker buy or sell volume present in a given futures market. When the value of this metric is positive, it means the....
On-chain data shows the trading volumes of XRP and Polygon have hit monthly highs as investors are displaying FOMO towards the assets. XRP, Polygon See Volume Spike Similar To Bitcoin’s Surge A Few Days Back According to data from the on-chain analytics firm Santiment, XRP & MATIC have seen high volumes recently. The “trading volume” here refers to the total amount of any cryptocurrency that’s being transacted on the different exchanges in the sector every day. When the value of this metric is high, it means that the asset in question is being moved around a lot on....
Bitcoin’s new all-time high this month has led to a number of interesting developments in the crypto space. The success of the first Bitcoin ETF contributed greatly to the price of BTC finally bursting through the $67K price point and with it has come to a spike in funding rates in the market. The ProShares ETF saw over $1 billion in trading volume in its first day, signaling increased inflows into the market. The spike in funding rates moved along with the price movements of BTC in the month of October. This spike maintained momentum along with BTC movements. However, as the price....
Data shows the Bitcoin Social Dominance has spiked to a 4-month high, something that has tended to be a reversal signal for the market. Social Media Is Shifting Attention To Bitcoin According to data from analytics firm Santiment, social media talk has recently become more concentrated on Bitcoin. The indicator of relevance here is the “Social Dominance,” which measures the percentage of cryptocurrency-related discussions on social media that a given asset accounts for. Related Reading: Solana Air Gap: Analyst Says No Major Support Level Until $24 The metric gauges social media....