BTC ETF accounts for 25% of Spot, on-chain and CEX volume continue to decline.

[Block Rhythm] On June 21, there were opinions stating that the AI market is fierce, and funds are continuously flowing into the U.S. stock market. The BTC ETF trading volume has accounted for 25% of the spot, and with a few more ETFs, what the on-chain and crypto world may fear is that it will only be left with the functions of liquidation and warehouse transfer.

The trading volume on CEX in the first half of the year has been halved by 40% compared to the second half of last year, while the on-chain TVL remains unchanged, with no activity at all. The essence of stablecoins at this stage is as an arbitrage and payment tool, not as an incremental liquidity engine; the larger the issuance, the more intense the draining.

BTC-0,9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)