How does the 2-10 spread affect the trading volume of cryptocurrencies?
sunny NoorDec 26, 2021 · 3 years ago1 answers
Can you explain how the 2-10 spread impacts the trading volume of cryptocurrencies? I'm curious to know if there is a correlation between these two factors and how they influence each other.
1 answers
- Dec 26, 2021 · 3 years agoAt BYDFi, we've observed that the 2-10 spread can have a significant impact on the trading volume of cryptocurrencies. When the spread widens, indicating a more positive economic outlook, we tend to see increased trading activity as investors seek higher returns. Conversely, when the spread narrows, signaling a more cautious market sentiment, trading volume in cryptocurrencies may decrease. It's important for traders and investors to monitor the 2-10 spread as part of their overall market analysis and decision-making process.
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