The Price Rollercoaster: Navigating Crypto Market Volatility

“South Korean exchange, Upbit, outperformed Coinbase and OKX in spot trading volume for the first time, reaching $29.8 billion in July. Meanwhile, Binance’s market share has been decreasing for the last five months, and Centralized Exchanges witness their second-lowest trade volumes, while trading on Decentralized Exchanges surges by 444%.”

The decline in Ethereum (ETH) held by whale addresses since the Shapella upgrade has fueled speculation about large investors’ sentiment. Historically, whale activity is a leading market indicator, and fewer Ethereum whales may signal a heightened downside risk. The crucial factor now is the direction of ETH prices, with bulls aiming to breach the $2,000 resistance level.

The new Bitcoin Equities ETF by Melanion Capital on Euronext Amsterdam offers Dutch investors a regulated way to gain exposure to the Bitcoin ecosystem through stocks of crypto-related companies. However, the ETF may have potential discrepancies in correlation to Bitcoin’s performance.