Fast Take
- In response to SwissBlock information, spot traded quantity decreased by practically 70% in April (MoM).
- This has been a development that CryptoSlate has been monitoring for a while, and the spot-to-futures ratio has dropped significantly, in response to the Block.
- Regardless that the futures aspect has additionally seen demand drop, we appear to be on this regime of a spot-to-futures ratio of 0.2.
- Coupled with an illiquid market, this could make the market much more irrational with worth motion.
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