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CryptoQuant: Trading Activity of ETH and Altcoins on the Rise
Summary: According to CryptoQuant data, the cryptocurrency market has seen a significant shift after Bitcoin broke $120,000. Ethereum has surged 170% from recent lows, coming within 23% of its all-time high of $4,871. One of the key factors driving this rally is SharpLink's $1.3 billion purchase of 438,190 ETH. In the cryptocurrency derivatives market, trading volume ...
According to CryptoQuant data, the cryptocurrency market has seen a significant shift after Bitcoin broke $120,000. Ethereum has surged 170% from recent lows, coming within 23% of its all-time high of $4,871. One of the key factors driving this rally is SharpLink's $1.3 billion purchase of 438,190 ETH. In the cryptocurrency derivatives market, trading volume for altcoins and Ethereum futures contracts has reached $22.36 billion, hitting a 5-month high. It is worth noting that on centralized exchanges, the trading volume of altcoins and Ethereum futures accounts for 83% of the total, while Bitcoin futures only make up 17%.
