Editor's PiCK
"Ethereum (ETH), spot cools down amid overheated futures…Possibility of increased volatility"
Minseung Kang
Summary
- It was indicated that while Ethereum (ETH) spot trading volume is cooling down, futures trading volume is overheating.
- The market reported that as a result, caution regarding the possibility of increased short-term volatility is rising.
- CryptoQuant emphasized to ETH traders that it is a potential warning signal and urged caution.
In the market, while spot trading of Ethereum (ETH) is cooling down, futures trading is showing signs of overheating, leading to increased caution regarding short-term volatility.
On the 29th, the virtual asset (cryptocurrency) analytics company CryptoQuant announced via X (formerly Twitter), "The 'Volume Bubble Map' of Ethereum shows that while the spot volume of Ethereum (ETH) is cooling down, the futures volume has entered an overheated state."
CryptoQuant warned that this is a "potential warning signal that requires caution for ETH traders."
Meanwhile, the Volume Bubble Map is a tool that visually displays the concentration of trading volumes by crypto exchange.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
