Analysis of Trading Volume and Bitcoin Funding Rate Fluctuations in the South Korean Market
Publication Time:2024-08-19 15:16:06
Matrixport released charts showing a high correlation between trading volume and the bitcoin funding rate in the South Korean market, indicating that South Korean trading users have a significant impact on the market. Recent data points to a further decline in the annualized funding rate as trading volume has remained below $1 billion for three consecutive days. This phenomenon reflects the direct influence of market participants' behavior on price dynamics. However, it is noteworthy that as the South Korean Blockchain Week approaches, there is a potential for positive changes in market activity and sentiment, suggesting an improvement in future market performance.
Trading Volume
Matrixport
Market Activity
South Korean Market
Bitcoin Funding Rate