XRP’s upward momentum is facing a reality check.
Over the past few weeks, spot trading volume has plunged, and market sentiment has clearly cooled.
Binance’s average daily spot volume fell from 597 million to 168 million, accounting for nearly 430 million of the decline. Other centralized exchanges fared even worse, shrinking by a combined 1.514 billion—3.5 times Binance’s decline.
More importantly, the spot-to-futures trading ratio plummeted from 31% to 12.7%. Futures trading volume is now 8 times that of spot.
This shows that capital is rapidly shifting toward high-leverage instruments rather than actual buying and selling.
By the way: I put this post together in half a minute using P·U·P·P·I·E·S’s posting tool, and spent the rest of the time walking the dog 🐾
#exchange #CryptoNews $STX $BDX.US $RENDER
Over the past few weeks, spot trading volume has plunged, and market sentiment has clearly cooled.
Binance’s average daily spot volume fell from 597 million to 168 million, accounting for nearly 430 million of the decline. Other centralized exchanges fared even worse, shrinking by a combined 1.514 billion—3.5 times Binance’s decline.
More importantly, the spot-to-futures trading ratio plummeted from 31% to 12.7%. Futures trading volume is now 8 times that of spot.
This shows that capital is rapidly shifting toward high-leverage instruments rather than actual buying and selling.
By the way: I put this post together in half a minute using P·U·P·P·I·E·S’s posting tool, and spent the rest of the time walking the dog 🐾
#exchange #CryptoNews $STX $BDX.US $RENDER
