CryptoQuant: Ethereum and altcoin trading activity increases
According to online reports, according to CryptoQuant data, after the Bitcoin price exceeded US$120,000, the cryptocurrency market pattern has changed significantly. Data shows that Ethereum prices are up 170% from recent lows and are only 23% short of the all-time high of $4,871. One of the main factors driving this round of gains was SharpLink's US$1.3 billion investment in 438,190 ETH units. Cryptocurrency derivatives market data showed that trading volume of altcoin and Ethereum futures contracts reached US$22.36 billion, setting a five-month high. It is worth noting that in centralized exchanges, futures trading volume of altcoin and Ethereum accounts for 83% of the total, while Bitcoin futures trading volume only accounts for 17%.
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