According to CryptoQuant data, the cryptocurrency market landscape has changed significantly after the price of Bitcoin broke through $120,000. The data shows that the price of Ethereum is up 170% from its recent low and only 23% away from its all-time high of $4,871. One of the main factors driving the rally was SharpLink's investment in $1.30 billion to buy 438,190 ETH.
Cryptocurrency derivatives market data shows that the volume of counterfeit products and Ethereum futures contracts reached $22.36 billion, setting a new five-month high. It is worth noting that among centralized exchanges, counterfeit products and Ethereum futures volume has accounted for 83% of the total, while Bitcoin futures volume only accounted for 17%.
CryptoQuant: Ethereum and counterfeit products trading active level rises
2025-07-31 09:02:23
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