The main reason behind the spike in the discount was tied to Bitcoin's massive plunge on the market, which resulted in a 40% devaluation of the digital gold.
But according to the same index now, institutional traders are no longer selling their holdings actively but buying relatively large volumes of spot BTC, which pushed the index into the premium zone. It was the first time the indicator turned positive since April 2022 when the cryptocurrency market sell-off started.The index would be one of many indicators that are showing a potentially upcoming bounce on the cryptocurrency market.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: