11 charts to interpret the crypto market in September: It seems that the market is performing well, but in fact most indicators are declining

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Chainfeeds
2 days ago
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Chainfeeds Introduction:

Lars, head of research at The Block, summarized the performance of the crypto market data in September and found that the crypto market seemed to be performing well due to the rebound in Bitcoin prices, but in fact most indicators declined. This article is compiled by PANews .

Source:

https://www.panewslab.com/zh/articledetails/xx6a9p0h.html

Article author:

Lars


Viewpoint:

Lars: The adjusted stablecoin on-chain transaction volume fell by 30.8% in September to $832 billion, and the stablecoin issuance supply increased by 1.3% to $150.4 billion, of which USDT and USDC had market shares of 78.3% and 17.6%, respectively. In September, the NFT market transaction volume on the Ethereum chain continued its downward trend again, falling by as much as 22%, further falling to about $961 billion. The spot transaction volume of compliant centralized exchanges (CEX) failed to continue the growth trend in August in September, falling by 17.4% to $724.6 billion. In terms of crypto futures, the open interest of Bitcoin futures in September increased by 16%; the open interest of Ethereum futures increased by 16.1%; in terms of futures trading volume, the trading volume of Bitcoin futures in September fell by 16.1% to $1.11 trillion, and the trading volume of Ethereum futures fell by 20.8%.

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https://chainfeeds.substack.com

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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