OTC Weekly Trading Insights (06/09/2023)

• The week started off rocky for BTC as the market sold off Monday evening with price dropping over 5%. The market picked back up as bidders stepped in to support price.

The overall altcoin market performance is negative with many coins being down double digits for the week.

Surprisingly $LUNC has outperformed the market and is currently up 14.8% with buying volume increasing over 600%. Despite the troubles LUNA faced last year, the project is set to release a v2.1.0 parity upgrade, exciting speculators as they entered long.

• The majority of other altcoins including CFX & LDO saw an increase in selling volume, both currently down 21% in the past week.

#Binance #OTC