Bitcoin Preparing for Bull Run
The cryptocurrency market set a new volume record in June. The CME and BitMEX saw monumental trading days, as BTC incurred its largest rally in over a year.
Some analysts noted that in previous bull markets, fresh all-time highs in volumes were always followed by consolidation. Shrinking Spot market volume has been more than compensated for.
BTC 90 day Volume was recently 40% more than the 2017/18 peak.
Futures have swallowed the Spot market. BTC 90 day Volume was recently 40% more than the 2017/18 peak.
The consequences promise to be global.
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