Matrixport released the latest chart, South Korea is known for active trading of counterfeit products, but the current trading volume is still low, and the possibility of a sharp rebound in counterfeit products is not high. Bitcoin's funding rates have always been in line with South Korea's trading volume movements, and higher funding rates usually attract hedge funds to buy ETFs to earn the spread.
However, with bitcoin funding rates, Korean trading volumes and purchases of bitcoin spot ETFs all below March 2024 levels, the crypto market is still waiting for a shot in the arm. Next week's US Presidential Election could be a key catalyst to ignite new momentum in the market.
Matrixport: The US election could be a key catalyst for the crypto market
2024-10-28 08:21:35
Matrixport Publish Charts Korea Active counterfeit products Trades Knowndesk3cryptocurrencydesktopCrypto News
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