quick take
- According to data from the Swiss Block, Spot trading volume fell by nearly 70% in April (mother).
- This is a trend that CryptoSlate has been monitoring for some time, and according to Block, the spot-to-futures ratio has dropped significantly.
- The futures side is also seeing a decline in demand, but the ratio of spot to futures seems to be in this regime of 0.2.
- Combined with an illiquid market, this can make the market even more irrational with price action.
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