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Matrixport: Both the trading volume in the South Korean market and Bitcoin funding rates have declined

Matrixport: Both the trading volume in the South Korean market and Bitcoin funding rates have declined

Bitget2024/08/19 07:28

ChainCatcher news, Matrixport released a chart stating that the trading volume in the South Korean market is highly correlated with Bitcoin funding rates because South Korean traders have significant influence in the market. As trading volumes decline, annualized Bitcoin funding rates also decrease. Recently, trading volumes have been below $1 billion for three consecutive days, which may indicate that funding rates will further decline.

However, as Korea Blockchain Week approaches, market activity and sentiment may rebound.

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