Chinese crypto investors are rushing to sell their digital assets.
Investors in China are selling crypto to take advantage of rising equity prices.
CSI 300 index notched its highest annualized 60-day volatility since 2016 last week.
According to Kaiko Research, Chinese crypto investors are selling their digital assets to take advantage of rising equity prices. The analysis platform reported on X that the Chinese stock market is experiencing its highest volatility in nearly a decade.
China’s stock market is experiencing its highest volatility in nearly a decade.
The $CSI 300 index notched its highest annualized 60-day volatility since 2016 last week. Bringing it close to levels more typically associated with $BTC pic.twitter.com/NtCmRgAXcc
— Kaiko (@KaikoData) October 17, 2024
Kaiko noted that the CSI 300 index reached its highest annualized 60-day volatility since 2016 last week, reaching levels comparable to Bitcoin. A comparison of BTC and the CSI shows their volatility values converging, with Bitcoin’s volatility declining as the CSI’s rises.
Meanwhile, a more detailed analysis by Kaiko reveals a concentration of trading volume during Asia-Pacifi…
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