CryptoQuant: ETH and altcoin trading activity rises

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According to ChainCatcher news and CryptoQuant data, after the Bitcoin price broke through 120,000 USD, the landscape of the Crypto Assets market has changed significantly. The data shows that the price of Ethereum has risen by 170% from its recent low, only 23% away from the historical high of 4,871 USD. One of the main factors driving this surge is SharpLink's investment of 1.3 billion USD to acquire 438,190 ETH. The crypto assets derivatives market data shows that the trading volume of altcoins and Ethereum futures contracts has reached $22.36 billion, setting a new 5-month high. It is noteworthy that in centralized exchanges, the futures trading volume of altcoins and Ethereum accounts for 83% of the total, while the trading volume of Bitcoin futures accounts for only 17%.

ETH-4.66%
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Youduoduovip
· 21h ago
According to ChainCatcher news and CryptoQuant data, the price of Bitcoin has broken through $120,000, leading to a significant change in the crypto assets market landscape. The data shows that the price of Ethereum has risen 170% from its recent low, just 23% away from its historical high of $4,871. One of the main factors driving this surge is SharpLink's investment of $1.3 billion to acquire 438,190 ETH. Data from the crypto assets derivatives market indicates that the trading volume of alts and Ethereum futures contracts has reached $22.36 billion, setting a new five-month high. Notably, in centralized exchanges, the futures trading volume of alts and Ethereum has accounted for 83% of the total, while Bitcoin futures trading volume only accounts for 17%.
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