Bitcoin’s spot trading volume in October was over $300 billion, making it the second-highest monthly total of the year, pushed by traders getting out of leveraged positions after the record-breaking liquidation on October 10.
CryptoQuant analyst Darkfost says the switch from high-risk derivatives to spot trading shows that speculation is cooling off and people are focusing on long-term accumulation again.
A Costly Lesson in Leverage
According to the market technician, Binance had the most BTC spot trades this month, with $174 billion, in a show of the exchange’s continued dominance. They also pointed out that the increased activity on the spot side was coming from both retail traders and institutional players.
The retreat follows the biggest single-day liquidation in crypto history on October 10, when more than $19 billion in leveraged positions were lost. During the crash, Bitcoin dropped from $122,000 to as low as $101,000 (on some exchanges), dragging altcoins into double-digit
We współpracy z: https://cryptopotato.com/cryptos-biggest-wipeout-sends-traders-flocking-to-spot-markets/
