So I've been doing some research today on the current markets and everything that is going on. I know a lot of us are very positive about BTC and other cryptos ability to bounce back but the evidence I've found has certainly concerned me a little.
Firstly, over the past two years from the data I've found China appear to have been BY FAR the largest traders. Now I'm not sure how accurate this data or website is but it's certainly alarming to look at the volume of business going on within these exchanges.
Exchange Volume BTC Market share
okcoin 535M 39.79%
huobi 503M 37.43%
btcchina 215M 16.00%
others 28.0M 2.08%
bitfinex 15.9M 1.18%
lakebtc 14.1M 1.05%
bitflyer 9.78M 0.73%
kraken 7.91M 0.59%
bitstamp 7.83M 0.58%
bit-x 7.61M 0.57%
https://data.bitcoinity.org
Secondly. Business is CNY within this 2 year time period is higher than all other currencies combined
CNY Markets
btcchina 215M 17.07%
huobi 503M 39.94%
okcoin 529M 42.02%
Compared to USD markers
Exchange Volume BTC Market share
bitfinex 15.9M 27.98%
bitstamp 7.34M 12.94%
coinbase 6.42M 11.32%
okcoin 5.56M 9.80%
bit-x 4.90M 8.64%
others 4.37M 7.71%
And EUR markets
kraken 5.99M 52.71%
bit-x 1.93M 16.99%
gatecoin 585k 5.15%
coinbase 554k 4.88%
others 515k 4.54%
My final thought is about the huge amount of BTC that was dumped yesterday compared to last week or any other dump.
I can't copy data of these results but in short. Trades went from an average of 5,000BTC per hour globally on Thursday to 47,500BTC per hour yestersday. Compare this to a peak of 25,00BTC during last weeks mini dump and we see something much bigger emerging.
Please note that these are just a few things I have found and I am simply sharing to find out peoples thoughts and feelings. I am in no way saying this information is reliable but I have provided a link above for you to look yourself. Also, I noticed that Bittrex, probably the largest USD and EUR trader is not included in their figures however I doubt they would make a huge amount of different to the overall numbers.
Let me know what you think, I welcome any discussion. I am fairly new to this space so am eager to learn and talk
Firstly, over the past two years from the data I've found China appear to have been BY FAR the largest traders. Now I'm not sure how accurate this data or website is but it's certainly alarming to look at the volume of business going on within these exchanges.
Exchange Volume BTC Market share
okcoin 535M 39.79%
huobi 503M 37.43%
btcchina 215M 16.00%
others 28.0M 2.08%
bitfinex 15.9M 1.18%
lakebtc 14.1M 1.05%
bitflyer 9.78M 0.73%
kraken 7.91M 0.59%
bitstamp 7.83M 0.58%
bit-x 7.61M 0.57%
https://data.bitcoinity.org
Secondly. Business is CNY within this 2 year time period is higher than all other currencies combined
CNY Markets
btcchina 215M 17.07%
huobi 503M 39.94%
okcoin 529M 42.02%
Compared to USD markers
Exchange Volume BTC Market share
bitfinex 15.9M 27.98%
bitstamp 7.34M 12.94%
coinbase 6.42M 11.32%
okcoin 5.56M 9.80%
bit-x 4.90M 8.64%
others 4.37M 7.71%
And EUR markets
kraken 5.99M 52.71%
bit-x 1.93M 16.99%
gatecoin 585k 5.15%
coinbase 554k 4.88%
others 515k 4.54%
My final thought is about the huge amount of BTC that was dumped yesterday compared to last week or any other dump.
I can't copy data of these results but in short. Trades went from an average of 5,000BTC per hour globally on Thursday to 47,500BTC per hour yestersday. Compare this to a peak of 25,00BTC during last weeks mini dump and we see something much bigger emerging.
Please note that these are just a few things I have found and I am simply sharing to find out peoples thoughts and feelings. I am in no way saying this information is reliable but I have provided a link above for you to look yourself. Also, I noticed that Bittrex, probably the largest USD and EUR trader is not included in their figures however I doubt they would make a huge amount of different to the overall numbers.
Let me know what you think, I welcome any discussion. I am fairly new to this space so am eager to learn and talk