A look at early-session data from the Korean market (according to TokenPost, 10/31 at 7:30 a.m.): Upbit and Bithumb had a combined 24-hour trading volume of about 2.4 trillion KRW. $XRP had a trading volume of 173.3 billion KRW, second only to $BTC at 185.7 billion KRW—hotter than many might have expected.
Meanwhile, total liquidations across the crypto market over 24 hours came to about $1.064 billion, with long/short liquidations split 48.1% to 51.9%, almost evenly. Deribit's BTC options Put/Call trading volume ratio was 1.03, suggesting slightly more people were seeking protection.
In other words, panic isn't one-sided; it seems more like everyone is waiting and watching. I'll keep an eye on trading volume changes in the Korean market, which often serve as a barometer for sentiment toward altcoins.
#韩国市场 #Contract liquidations
For informational purposes only; this does not constitute investment advice.
Meanwhile, total liquidations across the crypto market over 24 hours came to about $1.064 billion, with long/short liquidations split 48.1% to 51.9%, almost evenly. Deribit's BTC options Put/Call trading volume ratio was 1.03, suggesting slightly more people were seeking protection.
In other words, panic isn't one-sided; it seems more like everyone is waiting and watching. I'll keep an eye on trading volume changes in the Korean market, which often serve as a barometer for sentiment toward altcoins.
#韩国市场 #Contract liquidations
For informational purposes only; this does not constitute investment advice.