CryptoQuant: BTC spot trading below $10,000 increased 9.7% in 30 days, with retail demand rebounding

PANews reported on July 31st that according to CryptoQuant analysis, altcoin market activity has increased significantly since Bitcoin's price broke through its all-time high of approximately $120,000. Ethereum's price has risen 170% from its recent low, now only about 23% away from its all-time high of $4,871. SharpLink recently invested $1.3 billion to hold 438,190 ETH, sparking market enthusiasm. Altcoin and Ethereum futures trading volume reached $223.6 billion, a five-month high, accounting for 83% of total futures trading volume, while Bitcoin accounted for only 17%. Of Binance's 424 futures trading pairs, only 23 showed negative values. Meanwhile, Bitcoin spot trading volume declined, while small transactions (under $10,000) increased 9.7% over 30 days, indicating a rebound in retail demand, which could foreshadow further gains in the Bitcoin and altcoin markets.

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Author: PA一线

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PA一线

13 hours ago