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Kaiko Analyst: Bitcoin's Volume Share Over the Weekend Was at Its Lowest Level on Record at About 13 Percent

Kaiko Analyst: Bitcoin's Volume Share Over the Weekend Was at Its Lowest Level on Record at About 13 Percent

2024/02/27 19:27
BTC-0.09%

According to Kaiko analysts, the share of Bitcoin volume over the weekend is now at its lowest level on record at just 13%, almost half the 24% share in 2018. The analysts said, "This decline is indicative of deteriorating liquidity conditions over the weekend, which could be attributed to increased institutional participation and deteriorating market infrastructure." They said the growing appeal of spot bitcoin ETFs suggests the gap between weekend and weekday trading could widen further as the market structure changes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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