Analyst: The current market is showing a negative divergence in trading volume, which essentially reflects insufficient market liquidity.
Jinse Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis stating that after the market reached its last all-time high (ATH), on-chain trading volume showed a relatively high trend of $62 billion, while the spot plus futures trading volume on centralized exchanges (CEX) was only $41 billion. This situation is extremely rare in the market. In addition, there is currently a negative divergence in trading volume: prices are rising, but trading volume is declining, which essentially reflects thin liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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