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Crypto Markets Fall, and Traders Awaken By Putting Up the Highest Day of Bitcoin Trading Volume in 10 Months!

@brianq
1 min read
03.01.2024
BTC


📉 #Crypto markets have fallen, creating polarity among traders. #Bitcoin's drop to $42.2K has helped push today to the highest $BTC trading volume level since March 17th, with the potential for daily trading to surpass year highs in the next couple hours.


Additionally, we recommend paying close attention to the funding rate on Binance, which appears to have left many long traders with liquidated bags. If we see the funding rate begin to rise quickly once again, there may be some further pain coming up. If the funding rate stays neutral or goes negative now, then the probability of a partial or full recovery is much more likely.

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