[Analysts believe the participation of institutional investors has driven the growth of cryptocurrency trading volumes]

News on June 28: The participation of institutional investors has driven the growth of cryptocurrency trading volume, JMP analyst Devin Ryan said. Data from The Block shows that the seven-day moving average of daily trading volume has surged over the past month, rising from $11 billion on May 26 to nearly $19.5 billion on June 26.

However, daily trading volumes have dropped significantly from the peak of more than $150 billion during the previous crypto bull run. Increased trading volume driven by activity from institutional investors!

This trading volume is a sign of a bear market bottom! #合约锦标赛

By 25/26, it is estimated that the daily amount will be 200 billion US dollars!