In October 2024, Bitcoin liquidity increased by 76% compared to the previous year, reaching average monthly volumes of $2 billion. This growth reflects the growing maturity of the crypto market, despite global uncertainty. According to reports from Coinbase Institutional and Glassnode, this development is due to increased on-chain activity and a higher demand for Bitcoin derivatives.
Despite this growth, Bitcoin prices remain stable, with no clear direction, showing a market waiting for stronger signals. The US elections, along with other global economic factors, are influencing uncertainty, causing investors to remain cautious. However, analysts believe that the current stability and increased liquidity could be indicative of an upcoming bullish rally in the coming months.
The report also highlights that open interest in Bitcoin derivatives remained at an average of $44 billion during the third quarter of 2024. Speculative positions have been largely eliminated, allowing market conditions to stabilize, paving the way for a possible price increase in the future.
In short, although Bitcoin prices have not shown any major fluctuations recently, the growing liquidity and more sophisticated market suggest that there could be more confidence in an imminent rally. Investors are on the lookout, waiting for the next big market move, meanwhile, Ripple is also expected to be developing strategies to consolidate itself in the crypto sector.
This increase in liquidity marks an important milestone in the maturity of the cryptocurrency market, reinforcing the expectation of an upcoming bullish cycle in $BTC Bitcoin.
