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AmirNoba
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High volatility last week also led to a surge in trading activity, according to Matteo Greco, a research analyst at Fineqia. The moves began with about $100 million in liquidations that followed a false report about the BlackRock bitcoin ETF being approved. The volatility ended with the cryptocurrency's climb to $30,000 on optimism around updated ETF filings and comments from big wigs such as BlackRock CEO Larry Fink and hedge fund manager Paul Tudor Jones. Greco said the cumulative daily volume on centralized exchanges between Oct. 16 and Oct. 22, based on a seven-day moving average, was the third highest it has been in the past 60 days
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