What is bitcointalk.org (bitcointradevolume)?

08/09/2023 23:40 • AI Insights • 57 views

What is bitcointalk.org September 8th News, what is bitcointalk.org, bitcoinTalk.org is a website founded by the Bitcoin China team in 2010. It provides users with a platform for communication, where everyone can have conversations and discussions. Bitcointalk.org is a community-operated online forum, with main content including the latest developments in the field of cryptocurrency, the history of Bitcoin, and cutting-edge information about the crypto field; Bitcointalk.com will collaborate with other well-known websites.

bitcointradevolume

bitcointradevolume.com – May 2022, vol.1

Author: Michael McSweeney

Translator: Sherry

Proofreader: Shirley

Translation Agency: 0x137

Bitcoin has experienced rapid growth in the past few months. From late 2017 to early 2018, as prices soared and trading volume increased significantly, market participants’ attention gradually shifted to cryptocurrencies. However, there were also some abnormal fluctuations in market activity in November 2017, but at that time, the price did not seem to reach its historical high, even the most famous founder of BitMEX believed it was not a sign. However, Bitcoin still maintained a relatively stable high range and reached a new historical high of nearly $20,000. Although the price of Bitcoin has fallen in recent months, the number has greatly improved compared to the end of 2017. According to CryptoCompare data, in the first half of 2019, the trading volume of BTC/USDT perpetual contracts was $489 million; in the third quarter of 2019, the total trading volume of BTC futures was $371 million. In addition, in the first six months of 2020, the open interest of BTC options increased by more than 30%, reaching $1.19 billion, while the average daily trading volume of ETH options increased by more than 20%. The overall market trend for 2020 remains optimistic. On the other hand, the continuous rise of Bitcoin in recent times has led to a continuous increase in its trading volume. According to Bloomberg’s report, as of the end of December, only 5% of Bitcoin spot trading on global exchanges were profitable. If this is attributed to one of the main reasons for the current bull market — the increased demand and the selling pressure caused by the decline in Bitcoin prices, investors may seek other options to make up for losses or make profits.

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What is bitcointalk.org (bitcointradevolume)?

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