Despite the declining trading volume, all indicators strongly suggest an imminent break-out.
Despite the declining trading volume, all indicators strongly suggest an imminent break-out.
Macro analyst Tom Dunleavy suggests that the stablecoin market's contraction is indicative of the ongoing bearish phase in the crypto market.
A recent report by DappRadar indicates that although the trading volume of NFTs is on a downward trend, there is still a significant number of traders and sales, indicating a shift in trader behavior.
Binance remains the leading platform for trading cryptocurrency derivatives.
Despite this, it still holds the position of the leading centralized exchange in the industry.
The decrease signifies a resurgence in risk-taking behavior among investors in the cryptocurrency market.