What to Use to View Bitcoin Market Trends (Where to View Bitcoin Market Trends)
What to Use to View Bitcoin Market Trends? How is the price of Bitcoin measured
What to Use to View Bitcoin Market Trends? How is the price of Bitcoin measured and whether it is recognized as an asset in traditional financial markets.
For example: when you buy a certain currency (if you don’t sell it), you will find that your position holds a certain amount of “cake” value. And the volatility of this cake is relatively low (because its transaction fees are low). Therefore, when we judge the price of a currency, we can analyze it from several dimensions:
1. Evaluate the price trend based on the transaction records and historical data provided by the exchange; 2. Judging from the performance of multiple mainstream cryptocurrencies, except for USDT, the largest cryptocurrency in terms of market capitalization, the performance of other currencies is not good; 3. Due to the obvious correlation between different cryptocurrencies, many investors have doubts about these digital assets.
Where to View Bitcoin Market Trends
According to market data, where can Bitcoin market trends be viewed? BTC/USDT secondary market quotation
As of 10:30 am on June 9th. According to data from Huobi trading platform, the current BTC price is around $7135; the 24-hour trading volume is $363 million; the total market value is 14.7 trillion RMB; the 24-hour trading volume has increased by 12.88% compared to the previous period.
According to the introduction, after the BitMEX XBT perpetual contract expired on the eve of the latest delivery date, it continued to decline from the end of June to the beginning of August as Bitcoin price soared. In this round of decline, the number of long and short positions in BitMEX has decreased to 1.6%. Therefore, this proportion has increased.
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