In crypto, discerning investor behavior is paramount. One metric, the SLRV ratio, quietly unveils the ongoing struggle between trading zeal and the patience of hodling. As Bitcoin rose above $43,000, a peek at this ratio's movementโspecifically its 30D SMAโrevealed a riveting shift, untouched since July 2021. What could explain this surge in short-term transactional fervor over the calm of long-term holding? The answer might lie in a much-anticipated financial product that has the power to lure traditional financial giants into the crypto waters, reshaping investor confidence and the market at large.
Short-term trading volume peaks as Bitcoin crosses $43,000 Short-term trading volume peaks as Bitcoin crosses $43,000
Bitcoin's SLRV ratio shows spot Bitcoin ETFs most likely spurred unprecedented short-term trading volumes.
2 min read
Updated: Feb. 2, 2024 at 7:04 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.